You decide to finally assess the company's liquidity and assess management. For both this year and last year, compute:

a. working capital

b. the current ratio

c. the acid-test ratio

d. the average collection period (the accounts receivable at the beginning of last year totalled $1,630,000

e. the average sale period (the inventory at the beginning of last year totaled $1,990,000)

f. the operating cycle

g. the total asset turnover (total assets at the beginning of last year were $13,030,000

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 lts 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