[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 finol answers to 2 decimol places.) c. The acid-test ratio. (Round your final answers to 2 decimal places.) d. The average collection period. (The accounts receivable at the beginning of last year totaled $1,580,000 ), (Use 365 days in o year. Round your intermediete colculations and final answers to 2 decimol place.) e. The average sale period. (The inventory at the beginning of last year totaled $1,940.000 ) (Use 365 days in a year. Round your intermediate colculations and final answers to 2 decimol ploce.) f. The operating cycle (Round your intermediate calculations and final onswers to 2 decimol place.) 9. The total asset turnover. (The total assets at the beginning of last year totaled $12,980,000 ) (Round your finol answers to 2 decimol ploces.)