[The following Information applies to the questions displayed below.] You have just been hired as a financlal analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company's financlal statements, Including comparing Lydex's performance to Its major competitors. The company's financlal 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 companles 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 capltal. b. The current ratio. (Round your final answers to 2 decimal places.) c. The acid-test ratio. (Round your final answers to 2 decimal places.) d. The average collection period. (The accounts recelvable at the beginning of last year totaled $1,620,000.) (Use 365 days In a year. Round your Intermedlate calculations and final answers to 2 decimal place.) e. The average sale perlod. (The Inventory at the beginning of last year totaled $1,980,000.) (Use 365 days In a year. Round your Intermedlate calculations and final answers to 2 decimal place.) f. The operating cycle. (Round your Intermedlate calculations and final answers to 2 decimal place.) g. The total asset turnover. (The total assets at the beginning of last year totaled $13,020,000.) (Round your flnal answers to 2 decimal places.)