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Required information [The following information applies to the questions displayed beiow) You have just been hirod as a financial analyst for Lydex Company, a manulacturer of safoty helmets. Your boss has asked you to perform a comprehensive analysis of the company's financial statements, including comparing Lydes's performance to its major competitors. The company's financial statemonts for the last two years are as follows: To begin your assignment you gather the following financial data and ratios that are typical of canpanies in Lyder Company's industry. 3. You decide, finally, to assess the company's fiquidity and asset management. For both this year and last yeat, compute. a. Working capital. b. The current ratio. (Round your final answers to 2 decimat places.). c. The acid-test ratio. (Round your final answers to 2 decimal places.) d. The average collection period. (The accounts recelvoble at the beginning of last year totaled $1610,000. (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place.) e. The average sale period. (The inventory at the beginning of last year totaled $1,970,000)( Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place.) f. The operating cycle. (Round your intermediate calculations and final answers to 2 decimal place.) 9. The to places.) Required information [The following information applies to the questions displayed beiow) You have just been hirod as a financial analyst for Lydex Company, a manulacturer of safoty helmets. Your boss has asked you to perform a comprehensive analysis of the company's financial statements, including comparing Lydes's performance to its major competitors. The company's financial statemonts for the last two years are as follows: To begin your assignment you gather the following financial data and ratios that are typical of canpanies in Lyder Company's industry. 3. You decide, finally, to assess the company's fiquidity and asset management. For both this year and last yeat, compute. a. Working capital. b. The current ratio. (Round your final answers to 2 decimat places.). c. The acid-test ratio. (Round your final answers to 2 decimal places.) d. The average collection period. (The accounts recelvoble at the beginning of last year totaled $1610,000. (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place.) e. The average sale period. (The inventory at the beginning of last year totaled $1,970,000)( Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place.) f. The operating cycle. (Round your intermediate calculations and final answers to 2 decimal place.) 9. The to places.)

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