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 decimal ploces.) 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.) e. The average sale period. (The inventory at the beginning of last year totaled $2,020,000 ) (Use 365 doys in o yeor. Round your intermediate calculations and final answers to 2 decimal place.) f. The operating cycle. (Round your intermediote colculations and final answers to 2 decimal place.) 9. The total asset turnover. (The total assets at the beginning of last year totaled $13,060,000 ). (Round your finol answers to 2 decimal ploces.)