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 Data from the current year-end Data from the current year's balance sheets Assets Cash $ 22,000 Accounts receivable, net 33,400 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 84,340 5,700 290,000 $ 30,000 54,400 128,500 7,100 306,400 $ 435,440 $ 526,400 $ 70,340 79,800 180,000 105,300 income statement Sales Cost of goods sold Interest expense Income tax expense Net income Basic earnings per share Cash dividends per share Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory $ 97,300 105,000 206,000 Total assets 118,100 Total liabilities and equity $ 435,440 $ 526,400 Common stock, $5 par value Retained earnings Barco Company Kyan Company $ 810,000 $ 917,200 583,100 640,500 7,800 15,569 11,000 25,321 203,531 240,379 5.65 3.77 5.83 3.96 $ 28,800 $ 57,200 59,600 109,400 428,000 412,500 180,000 206,000 37,489 40,873 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.