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 Xyan Company Barco Company Kyan Company Data from the current year-end balance sheets Data from the current year's income statement Assets Sales $770,000 $880,200 Cash Accounts receivable, net $ 19,500 46,500 $ 34,000 Cost of goods sold 585,100 632,500 64,600 Interest expense 7,900 13,000 Income tax expense 14,800 24,300 Net income 162,200 210,400 Basic earnings per share 4.51 5.11 3.81 3.93 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 Total liabilities and equity 84,440 5,000 290,000 132,500 6,950 304,400 $ 445,440 $ 542,450 $ 61,340 $ 93,300 80,800 180,000 Cash dividends per share Beginning-of-year balance sheet Merchandise inventory data Accounts receivable, net $ 29,800 101,000 206,000 55,600 $ 54,200 107,400 Total assets 398,000 382,500 142,150 $445,440 $ 542,450 Common stock, $5 par value Retained earnings 180,000 206,000 98,300 93,600 123,300 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 ( days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk. Answer is not complete.