(Solved): help plz You have just been hired as a financial analyst for Lydex Company, a manufacturer of safet ...

You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. 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 typical of companies in Lydex Company's industry: 3. You decide, finally, to ossess the company's liquidity and asset management. For both this yeat and last year, compute a. Working capital. b. The current ratio. (Round your flnal answers to 2 decimal places.) c. The acid-test ratio. (Round your flnal answers to 2 decimal places.) d. The averoge collection period. (The accounts recelvable ot the beginning of last year totaled $\$1,570,000$ ) (Use 305 doys in a year. Round your Intermedlate calculatlons and final answers to 2 decimol ploce.) e. The averoge sale period. (The inventory at the beginning of last year totaled $\$1,930.000$ ) (Use 305 days In o yeer. Round your Intermediate colculations and final answers to 2 decimal place.) f. The operating cycle (Round your Intermediate calculations and final answeri to 2 decimal ploce.) 9. The total asset turnover. (The total assets at the beginning of last year totaled $\$12.970,000$ ) (Round your final answerz to 2 decima ploces.)