Morgan Company and Parker Company are similar firms operating in the same industry. Write a half- page report comparing Morgan and Parker using the available information. Your discussion should in- clude their ability to meet current obligations and to use current assets efficiently. Morgan 1 Yr Ago 1.6 2 Yrs Ago 2 Yrs Ago 2.1 1.9 1.1 Current ratio Acid-test ratio Accounts receivable turnover Merchandise inventory turnover Working capital Current Yr 1.7 1.0 30.5 24.2 $70,000 Current Yr 3.2 2.8 16.4 14.5 $131,000 1.2 29.2 17.1 $52,000 Parker 1 Yr Ago 2.7 2.5 15.2 13.0 $103,000 25.2 21.9 $58,000 1.6 16.0 12.6 $78,000