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 ( days' sales uncollected.

1b. Identify the company you consider to be the better short-term credit risk.

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: 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. 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 both companies compute the current ratio