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. Required: '1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (d) accounts receivable turnover, (d) inventory turnover, (e) days' sales in inventory, and (t) days' sales uncollected. (Do not round intermediate caiculations.) 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. For both companies compute the current ratio