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. sareo Company Company Data from the current year-end balance sheets Barco Kyan Company Company Data from the current years income statement $800,000 $887,200 cost of goods sold 568,100 500.500 3.00 16.000 Cash Mccounts receivable.net Merchandise Inventory Prepaid expenses Plant assets, bet Total assets $ 21,000 ,000 39,400 51.00 86.90 128,500 1.100 320.000 301.400 5671.160 551.100 206, 207 Net The Basic arnings per share Cash dividende per share 187,723 4.2 3.76 Liabilities and Equity Current liabilities Long-ter notes payable Common stock, is par value Beginning-of-year balance sheet data $ 68,300 94,300 counte receivable, net 79.800 105,000 Merchandise inventory 220.000 200.000 Total te 100.000 15.000 o s tok 35 par value 1671,100 31.700 Retained earnings $ 31,800 63.600 418,000 220.000 30.717 51,00 111.000 372.00 200.000 769) Total liabilities and equity inventory turnover e days Required: 1a. For both companies compute the current ratio, acid test ratio, accounts receivable turnover, Sales in inventory, and (days' sales uncocted Do not found intermediate calculations) tb. Identify the company you consider to be the better short term credit risk