3 art 1 of 2 25 pints balance sheets Assets Canh Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term notes payable $ 18,000 38,400 84,240 6,100 290,000 $ 38,000 52,400 130,500 income statement Bales Cost of goods sold Interest expense Income tax expense Net incone 7,550 312,400 $ 436,740 $540,850 Basic earnings per share data $ 70,340 $101,300 78,800 170,000 111,000 cash dividends per share Beginning-of-year balance sheet Accounts receivable, net Merchandise inventory 236,000 Total assets 117,600 Total liabilities and equity $ 436,740 92,550 $540,850 Common stock, $5 par value Retained earnings Common stock, $5 par value Retained earnings eBook 14 Print References Required: 9.000 15,377 $800,000 595,100 5 916,200 630,500 18,000 25,294 190,523 242,406 5.60 5.14 3.74 4.02 $ 25,000 $ 54,200 61,600 113,400 398,000 412,500 170,000 236,000 54,237 39,8881 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover, (e) days sales in inventory, and (f) days' sales uncollected. (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. 1A Current Ratio 1A Acid Test 1A Acct Rec Ratio Turn 1A Invent 1A Days Sal in 1A Days Sal Turnover Inv Uncol 18 short term For both companies compute the current ratio. 1A Oas al Uncol (8) Company Numerator: Current assets Barco Kyan Current Ratio Denominator: Current Ratio Current ratio 0 to 1 0 to T C