Selected data for Stick's Design are given as of December 31, Year 1 and Year 2: and compute: Current ratio for Year 2, Acid-test ratio for Year 2, Accounts receivable turnover for Year 2, Average collection period for Year 2 and Inventory turnover for Year 2.

Year 2 Year 1

Net Credit Sales $25,000 $30,000

Cost of goods sold 16,000 18,000

Net Income 2,000 2,800

Cash 5,000 900

Accounts Receivable 3,000 2,000

Inventory 2,000 3,600

Current liabilities 6,000 5,000

Required: Compute the following:

a.________ Current ratio for Year 2

b.________ Acid-test ratio for Year 2.

c.________ Accounts receivable turnover for Year 2.

d.________ Average collection period for Year 2.

e.________ Inventory turnover for Year 2.