my work 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. Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 21,000 $ 37,000 Accounts receivable, net 35,400 52,400 Merchandise inventory 84,940 138,500 Prepaid expenses 5,200 7,050 Plant assets, net 280,000 312,400 Total assets $426,540 $547,350 Barco Kyan Company Company Data from the current year's income statement Sales $780,000 $889,200 Cost of goods sold 591,100 644,500 Interest expense 8,200 15,000 Income tax expense 14,992 24,548 Net income 165, 708 205,152 Basic earnings per share 4.36 4.35 Cash dividends per share 3.75 3.99 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 66,340 $ 94,300 84,800 107,000 190,000 236,000 85,400 110,059 $426,540 $547,350 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, 55 par value Retained earnings $ 28,800 $ 54,200 55,600 111,400 448.000 372,500 190,000 236,000 62,192 93,226 ired: Required: 1a. For both companies compute the (a) current ratio. (b) acid-test ratio, (accounts receivable turnover. () inventory turnover (c) days sales in inventory, and (days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk. 2 Complete this question by entering your answers in the tabs below. 1A Current Ratio 1A Acid Test 1A Acct Rec Ratio Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 1B short term For both companies compute the current ratio. Company Choose Numerator: Current Ratio 1 Choose Denominator: = Current Ratio Current ratio 0 to 1 0 to 1 Barco Kyan 1A Acid Test Ratio > 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 Salin 1A Days Sal Inv Uncol 1B short term For both companies compute the acid-test ratio. (b) Company Acid-Test Ratio Choose Numerator: Choose Denominator: Barco Kyan Acid-Test Ratio Acid-test ratio Oto 1 O to 1 + + 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in Inv 1A Days Sal Uncol 1B short term For both companies compute the inventory turnover. (d) Company Choose Numerator: Inventory Turnover 1 Choose Denominator: = Inventory Turnover = Inventory turnover Barco 0 times Kyan Otimes 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Salin 1A Days Sal Ratio Ratio Tum Turnover Inv Uncol 1B short term For both companies compute the days' sales in inventory. Days' Sales In Inventory Company Choose Numerator: 1 Choose Denominator: * Days = Days' Sales In Inventory - Days' sales in inventory Barco 0 days Kyan 0 days X X 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 1B short term For both companies compute the days' sales uncollected. (9 CompanyChoose Numerator: Days' Sales Uncollected 1 Choose Denominator: x Days = Days' Sales Uncollected Days' sales uncollected Barco Kyan 0 days o days in the tabs below. 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Tum 1A Invent Turnover 1A Days Salin 1A Days Sal Uncol 1B short term Identify the company you consider to be the better short-term credit risk. Better short-term credit risk