Selected data for Sticks Design are given as of December 31, Year 1 and Year 2 (rounded to the nearest hundredth).

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

Compute the following:

1. Current ratio for Year 2

2. Acid-test ratio for Year 2

3. Accounts receivable turnover for Year 2

4. Average collection period for Year 2

5. Inventory turnover for Year 2