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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) ocid-test ratio, (c) accounts receivable turnover, ( ( ) inventory turnover, (e) days') sales in inventory, and (h) days' sales uncollected Note: Do not round intermediate calculations. 16. Identify the comparty vou consider to be the better short-term credit risk. o. For both companies compute the (d) current ratio, (b) acid-test ratio, ( ( accounts recelvable turnover, ( ( ) inventory turnover, ( ( ) days' lequired: cales in inventory, and (I) 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. 1a. For both companies compute the (a) current ratio, (b) acid-test ratio. ( ( ) accounts receivable turnover. ( d ) inventory turnover, (c) days' sales in inventory, and ( ) days' sales uncollected. Note: Do not round intermediate calculetions. 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