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Sales on account during the year totaled $1,220 thousand. Cost of noods sold was 5820 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. 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.) e. Average sale period. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answ to 1 decimal place.) c. Aciel trout fiquisid riation pround your answer to 2 declinal polnces.) antwoe to 1 dercimal plasce.) c. Averige sale piermod. (Use 365 days in a year. Round your intarmediate calculations to 2 decimals pinces nnd youar ficual ariawer. to 1 decimal place) Siales on arcourt during the year totaled $1,220 thousand Coat of foods sold was 5820 thousand. Requirect. Compute the following for Year 2 a. Wotking 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. Average collection period. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your finel answer to 1 decimal place. Average sale period. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answor 1 decimal olace.) Begulinet: Ciompete the following for hive? a. Working capital. (Enter your answer in thousands of dollark, L.e., 100,000 should be entered as 100. ) b. Cugrent fitio. (Round your ancwer to 2 decimal places.) C. Acid test (quick) ratho. (Round your answer to 2 decimal places.) d Aveyage collertion perioct. fUse 365 days in a year. Round your intermediate calculations to 2 decimals ploces and your finel arswer to 1 decimal place. e. 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.)

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