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 Kyan Company Company Data from the current year-end balance sheets: Data from the current year's income statement Assets Cash Accounts receivable, net 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 $ 19,500 46,500 $ 34,000 84,440 5,000 6,950 64,600 132,500 Sales Cost of goods sold Interest expense Income tax expense Net income $770,000 $880,200 585,100. 632,500 7,900 13,000 14,800 24,300 162,200 290,000 304,400 Basic earnings per share 4.51 210,400) 5.11 $445,440 5 542,450 Cash dividends per share 3.81 3.93 Beginning-of-year balance sheet data $ 61,340 80,800 180,000 123,300 $93,300 101,000 206,000 Accounts receivable, net $29,800 $ 54,200 Merchandise inventory 55,600 107,400 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 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.