QS 17-14 Analyzing short-term financial condition 10 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 include their ability to meet current obligations and to use current assets efficiently. 2 Yrs Ago 2 Yrs Ago Current Yr 1.7 Current Yr 3.2 1.0 Morgan 1 Yr Ago 1.6 1.1 25.2 21.9 $58,000 Current ratio Acid-test ratio Accounts receivable turnover Merchandise inventory turnover Working capital 2.8 Parker 1 Yr Ago 2.7 2.5 15.2 13.0 $103,000 2.1 1.2 29.2 17.1 $52,000 30.5 24.2 $70,000 16.4 14.5 $131,000 1.9 1.6 16.0 12.6 $78,000 Team Project Assume at the two companies apply for any loan from the tom. Identity additional information the companies must provide before the team can make a foon decision