Data from the current year-end balance sheets Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity Barco Kyan Company Company $ 19,500 $ 34,000 46,500 84,440 5,000 64,600 132,500 6,950 290,000 304,400 $445,440 $ 542,450 $ 61,340 $ 93,300 80,800 180,000 123,300 Data from the current year's income statement Sales Cost of goods sold Interest expense Income tax expense Net income Basic earnings per share. Cash dividends per share Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Barco Company Kyan Company $770,000 $880,200. 585,100 632,500 7,900 13,000 14,800 24,300 162,200 210,400 4.51 5.11 3.81 3.93 $ 29,800 101,000 55,600 $ 54,200 107,400 206,000 Total assets 398,000 382,500 142,150 $ 445,440 $ 542,450 Common stock, $5 par value Retained earnings 180,000 206,000 98,300 93,600 Required: 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 (5 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 Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 18 short term