PROBLEM 1615 Comprehensive Ratio Analysis B3 LO16-2, () L016-3, (91016-4, (19 L016-5, (G) LO16-6 You tave jus been hired as a financial anabye for Lyder Compang, a manufichirer of afety lielects. Youn toss han abed you lo competitors. The conbaity's fuancial statentents for the laat tuv grars art at follom- To begin your assignmeat you pather the following financial data and ratios that are typical of companies in Lydex Coapany's industry. 3. You decide, finally, to assess the company's liquidity and asset managemient. 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 totaled $1.560.000.) e. The average sale period. (The inventory at the beginning of last year totaled $1.920.000.) f. The operating cycle. g. The total asset turnover. (The total assets at the beginning of last year totaled $12.960.000.) 4. Prepare a brief memo that summarizes how Lydex is performing relative to its competitors