The attached pdf file are the financial statements for the past two years. Use these financial statements to answer the following questions. Compute the following for Year 2: a. Working capital f. Inventory turnover b. Acid-test ratio g. EPS c. Accounts receivable turnover h. Return on Equity d. Avg Collection Period i. Times interest earned e. Total Asset Turnover j. Dividend Payout Ratio

Vasconcelos Corporation's most recent balance sheet and income statement appear below: Year 2 Year 1 Current assets: Cash $ 160 $ 180 Accounts Receivable $ 240 $ 300 Inventory $ 150 $ 130 Prepaid expenses $ 60 $ 70 Total current assets $ 610 $ 680 Plant and equipment, net $ 910 $ 870 Total assets $ 1,520 $ 1,550 Current liabilities Accounts payable $ 150 $ 180 Accrued liabilities $ 30 $ 30 Notes payable, short term $ 80 $ 90 Total current liabilities $ 260 $ 300 Bonds payable $ 190 $ 220 Total liabilities $ 450 $ 520 Stockholder's equity Preferred stock, $100 per value, 5% $ 200 $ 200 Common stock, $1 per value $ 150 $ 100 Additional paid-in capital-common stock $ 140 $ 140 Retained earnings $ 580 $ 590 Total stockholders' equity $ 1,070 $ 1,030 Total liabilities & stockholders' equity $ 1,520 $ 1,550 Sales (all on account) $ 1,240 Cost of goods sold $ 820 Gross margin $ 420 Selling and adminsitrative expense $ 280 Net operating income $ 140 Interst expense $ 30 Net income before taxes $ 110 Income taxes 30% $ 30 Net income $ 80 Paid out a total of $40 in CS dividends for Year 2