1 a & b

Required information [The following information applies to the questions displayed below] Summary information from the financial statements of two companies competing in the same industry follows. Required: a. For both companies compute the ( \\( ( \\) ) current ratio, ( \\( (\\phi) \\) acid-test ratio, ( \\( (\\phi) \\) accounts receivable turnover, ( \\( \\phi \\) ) inventory turnover, ( \\( (\\phi) \\) days' sales in inventory, and (\\$) days' sales uncollected. Note: Do not round intermediate calculations. b. Identify the company you consider to be the better short-term credit risk. Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, ( \\( (c) \\) accounts recelvable turnover, ( \\( (d) \\) inventory turnover, ( \\( (\\theta) \\) days' sales in inventory, and ( \\( h \\) ) days' sales uncollected. Note: Do not round intermediate calculations. 1b. Identify the company you consider to be the better short-term credit risk. Complete this question by entering your answers in the tabs below. For bath companies compute the current ratio