Shown are selected financial data for Another World and Imports, Inc., at the end of the current year. Net credit sales Cost of goods sold Cash Another World Imports, Inc. $ 675,000 $560,000 504,000 480,000 53,000 22,000 Accounts receivable (net) 75,000 70,000 Inventory Current liabilities 84,000 160,000 105,000 100,000 Assume that the year-end balances shown for accounts receivable and for inventory approximate the average balances of these items throughout the year. Required: a. For each of the two companies: 1. Compute the working capital. 2. Compute the current ratio. (Round your answers to 1 decimal place.) 3. Compute the quick ratio. (Round your answers to 1 decimal place.) 4. Compute the number of times inventory turned over during the year and the average number of days required to turn over inventory. (Round your answers to the nearest whole number. Use 365 days a year.) 5. Compute the number of times accounts receivable turned over during the year and the average number of days required to collect accounts receivable. (Round your answers to the nearest whole number. Use 365 days a year.) 6. Compute the operating cycle. (Round your intermediate and final answers to whole numbers.)