[The following information applies to the questions displayed below] You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company's financial statements, including comparing Lydex's performance to its major competitors. The company's financial statements for the last two years are as follows: To begin your assignment you gather the following financial data and ratios that are typical of companies 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 capital. b. The current ratio. (Round your final answers to 2 decimal places.) c. The acid-test ratio. (Round your final answers to 2 decimol places.) d. The average collection period. (The accounts receivable at the beginning of last year totaled $1,660,000 ) (Use 365 doys in o yeor. Round your intermediate colculations and final answers to 2 decimal place.) intermediate colculations. (The inventory at the beginning of last year totaled $2,020,000 ) (Use 365 doys in o year. Round your intermediate calculations and final answers to 2 decimal place.) f. The operating cycle. (Round your intermediote calculotions and final answers to 2 decimal place.) places.)