Following are data from the statements of two companies selling similar products: Current Year-End Balance Sheets Sled Company Zip Company Cash $ 12,900 $ 22,000 Notes receivableshort-term 9,200 3,200 Accounts receivable, net 42,000 64,000 Inventory 58,900 88,680 Prepaid expenses 2,680 3,520 Plant and equipment, net 232,520 274,800 Total assets $358,200 $456,200 Current liabilities $ 58,000 $ 82,000 Mortgage payable 72,000 80,000 Common stock, $10 par value 140,000 160,000 Retained earnings 88,200 134,200 Total liabilities and stockholders equity $358,200 $456,200 Data from the Current Years Income Statement Sales $682,000 $890,000 Cost of goods sold 538,080 699,940 Interest expense 4,400 5,800 Net income 24,373 28,996 Beginning-of-Year Data Inventory $ 54,200 $ 85,120 Total assets 348,800 444,400 Stockholders equity 218,100 286,220 Required: 1. Calculate current ratios, acid-test ratios, inventory turnovers, and days sales uncollected for the two companies. Then state which company you think is the bett