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[The following information applies to the questions displayed below] You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety heimets. 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 typicat of companies in Lydex Compony's industry: 3. You decide, finally, to astess the company's liquidity and asset management. For both this yeac and last year, compute: a. Working capital b. The current ratio (Round your final answers to 2 decimal places.) c. The aciditest ratio. (Round your final answers to 2 decimal places.) d. The average collection period. (The accounts receivable at the beginning of last yeor totojed $1,640,000 ) (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 $2,000,000 ) (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place.) 1. The operating cycle. (Round your intermedlate calculations and final answers to 2 decimat place.) 9. The total asset furnover. (The total assets at the beginning of last year totaled $13,040,000 ) (Round your final answers to 2 decima places.) places.)

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