! 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 Company Kyan Company Barco Company Kyan Company Data from the current year-end balance sheets Data from the current year's income statement Assets Sales Cash $ 22,000 $ 34,000 Cost of goods sold Accounts receivable, net 35,400 53,400 Interest expense $770,000 593,100 7,800 $ 911,200 650,500 18,000 Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings $ 497,740 $532,950 79,800 190,000 167,600 84,540 134,500 Income tax expense 14,800 25,155 5,800 350,000 7,650 Net income 154,300 217,545 303,400 Basic earnings per share data $ 60,340 $ 96,300 111,000 226,000 Cash dividends per share Beginning-of-year balance sheet Accounts receivable, net Merchandise inventory Total assets 99,650 Total liabilities and equity $ 497,740 $ 532,950 Common stock, $5 par value Retained earnings 4.06 3.79 4.81 3.99 $ 28,800 $ 51,200 61,600 113,400 428,000 392,500 190,000 226,000 157,320 62,453 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. Complete this question by entering your answers in the tabs below. Ratio 1A Current 1A Acid Test 1A Acct Rec Ratio Turn 1A Invent 1A Days Sal in 1A Days Sal Turnover Inv Uncol Identify the company you consider to be the better short-term credit risk. Better short-term credit risk 1B short term