Financial statements for Lowe Company appear below: 
Total dividends paid during the year were $25,000,of which $12,000 was paid to the preferred shareholders.
Required:
Calculate the following for Year 2:
a)Current ratio.
b)Acid-test (quick)ratio.
c)Average collection period (age of receivables).
d)Inventory turnover.
e)Return on total assets.
f)Times interest earned.
g)Debt-to-equity ratio.
Definitions:
Avoiding Comparisons
A strategy to maintain self-esteem and happiness by not measuring one's accomplishments or life situation against others.
Johari Window
A model used to enhance the understanding of oneself and relationships, illustrating what is known by the person, others, both, or neither.
Open Area
A space that is freely accessible and unenclosed, often used for gatherings or leisure activities.
Blind
Lacking awareness, insight, or perception in a specific context or general sense.
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