Required informotion [The following information applies to the questions displayed below.] You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company's financial statements, including comparing Lydex's performance to its major competitors. The company's financial statements for the last two years are as follows: To begin your assignment you gather the following financlal data and ratios that are typical of companies in Lydex Company's industry: 3. You decide, finally, to assess the company's liquidity and asset management. For both this year and last year, compute: a. Working capital b. The current ratio. (Round your final onswers to 2 decimal places.) c. The acid-est ratio. (Round your finol onswers to 2 decimal ploces.) d. The average collection period. (The accounts receivable at the beginning of last year totaled $1.710,000 ) (Use 365 doys in a year. Round your intermediote calculations and finol onswers to 2 decimal ploce.) e. The averoge sale period. (The inventory at the beginning of last year totaled $2,070,000 ) (Use 365 doys in o yeor. Round your intermediote colculations ond final onswers to 2 decimal place.) 1. The operating cycle. (Round your intermediate colculations ond final answers to 2 decimol place.) 9. The total asset turnover. (The total assets at the beginning of last year totaled $13,110,000.) (Round your finol onswers to 2 decimol ploces.)