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Ratio analysis [The following information applies to the questions displayed below.] Summary information from the financial statements of two companies competing in the same industry

image text in transcribedimage text in transcribedimage text in transcribed Ratio analysis [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. (Do not round intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. For both companies compute the current ratio. For both companies compute the acid-test ratio

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