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 Kyan Company Company Barco Company Company Kyan Data from the current year-end balance sheets Assets Data from the current year's income statement Sales $810,000 $892,200 Cash $ 20,500 $31,000 Cost of goods sold 589,100 636,500 Accounts receivable, net 34,400 51,400 Interest expense 9,200 15,000 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 Total liabilities and equity $ 60,340 $93,300 84,800 111,000 160,000 216,000 199,700 107,700 $504,840 $528,000 Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings 84,640 130,500 Income tax expense 15,569 24, 631 5,300 7,700 Net income 196,131 216,069 360,000 307,400 Basic earnings per share 6.13 5.00 $504,840 $528,000 Cash dividends per share 3.72 3.98 | Beginning-of-year balance sheet data $ 26,800 $ 51,200 65,600 113,400 388,000 412,500 160,000 216,000 122,609 63,567 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.