Question: please help no handwriting makes it hard for me to understand. Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below:

 please help no handwriting makes it hard for me to understand.
Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars)
please help no handwriting makes it hard for me to understand.

Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Year 2 Year 1 Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities $170 200 150 100 $620 $100 200 140 100 $540 $210 40 100 $350 $190 40 90 $320 Sales on account during the year totaled $1.250 thousand. Cost of goods sold was $850 thousand. Required: Compute the following for Year 2: a. Working capital. (Enter your answer in thousands of dollars, i.e., 100,000 should be entered as 100.) b. Current ratio. (Round your answer to 2 decimal places.) c. Acid-test (quick) ratio. (Round your answer to 2 decimal places.) d. Accounts receivable turnover. (Round your answer to 2 decimal places.) e. Average collection period. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 1 decimal place.) f. Inventory turnover. (Round your answer to 2 decimal places.) 9. Average sale period. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 1 decimal place.) $ 270 a Working capital b. Current ratio c Acid-test ratio d. Accounts receivable tumover Average collection period 1.77 1.06 6.25 58.4 days Current Liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities $210 40 100 $350 $190 40 90 $320 Sales on account during the year totaled $1,250 thousand. Cost of goods sold was $850 thousand. Required: Compute the following for Year 2: a. Working capital (Enter your answer in thousands of dollars, i.e., 100,000 should be entered as 100.) b. Current ratio. (Round your answer to 2 decimal places.) c. Acid-test (quick) ratio (Round your answer to 2 decimal places.) d. Accounts receivable turnover. (Round your answer to 2 decimal places.) e. Average collection period. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 1 decimal place.) f. Inventory turnover. (Round your answer to 2 decimal places.) 9. Average sale period. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 1 decimal place.) a. Working capital b. Current ratio c. Acid-test ratio d. Accounts receivable turnover e. Average collection period 1. Inventory turnover 9 Average sale period 270 1.77 1.06 6.25 58.4 days 5.86 62. 3 days

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