Vasconcelos Corporation's most recent balance sheet and income statement appear below: 
Required:
Compute the following for Year 2:
a. Working capital.
b. Current ratio.
c. Acid-test ratio.
d. Accounts receivable turnover.
e. Average collection period.
f. Inventory turnover.
g. Average sale period.
Definitions:
Unique Contribution
A unique contribution refers to a specific, novel input or insight provided by a researcher or study, distinct from previous work in the field.
Standard Error
A statistical measure that quantifies the variability or spread of sample means around the population mean.
Variance
The square of the standard deviation and another measure of a distribution’s spread or dispersion.
Independent Variable
The variable that is manipulated or controlled by the researcher to test its effect on the dependent variable.
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