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Required Information [The following information applies to the questions displayed below.] Summary information from the financlal statements of two companies competing in the same industry

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Required Information [The following information applies to the questions displayed below.] Summary information from the financlal statements of two companies competing in the same industry follows. Required: 1a. For both companles compute the (a) current ratio, (b) acid-test ratlo, (c) accounts recelvable turnover, (d) Inventory turnover, (e) days' sales in inventory, and ( f days' sales uncollected. Note: Do not round intermedlate calculations. 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. sales In Inventory, and (if) days' sales uncollected. Note: Do not round intermedlete calculetions. 1b. Identify the company you consider to be the better short-tem credit risk. Complete this question by entering your answers in the tabs below. For both compsnies compute the acid-test ratio. Complete this question by entering your answers in the tabs below. For both companies compute the accounts (including notes) receivable turnover. Complete this question by entering your answers in the tabs below. For both companies compute the inventory turnover. Complete this question by entering your answers in the tabs below. For both companies compute the days' sales in inventory. Complete this question by entering your answers in the tabs below. For both companies compute the days' sales in inventory. Complete this question by entering your answers in the tabs below. Identify the company you consider to be the better short-term credit risk

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