Required information The following information applies to the questions displayed below.J Summary information from the financial statements of two companies competing in the same industry follows Barco Company Company Kyan Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash Accounts receivable, net Current notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net Total assets Data from the current year' s income statement Sales $770,000 $912,200 585,100 648,500 7,800 14,000 14,800 25,183 162,300 224,517 4.274.97 3.92 s 20,000 $ 33,000 Cost of goods sold 37,400 57,400 Interest expensee 9,700 8,200 Income tax expense 84,540 134,500 Net income 7,600 Basic earnings per share 280,000304,400 Cash dividends per share 5, 800 3.75 $437,440 $545,100 Beginning-of-year balance sheet data Accounts receivable, net s 30,800 52,20o Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings 64,340 $101,300 Current notes receivable (trade) 81,800 111,000 Merchandise inventory 190,000 226,000 Total assets 101.300 106.800 Common stock, $5 par value 59,600 115,400 418,000 382,500 190,000 226,000 81,500 59,467 $437,440 $545,100 Retained earnings Total liabilities and equity Required Required 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts (including notes) 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 better short-term credit risk. Answer is not complete. Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal1A Days Sal Req 1B Ratio Ratio in Inv Turn Turnover Uncol For both companies compute the days' sales in inventory. Days' Sales in Inventory Choose x DaysDays' Sales in Company Numerator Choose Denominator: Invento Merchandise invento Days sales in 36 Cost of goods sold invento Barco 0 days 0 days Kyan 1A Invent Turnover A Days Sal Uncol > Required la. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts (including notes) receivable turnover, (a) inventory turnover, (e) days, sales in inventory, and ( days, sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be better short-term credit risk Answer is not complete Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal 1A Days Sal Req 1B Ratio Ratio Turn Turnover in Inv Uncol For both companies compute the days' sales uncollected Days' Sales Uncollected Days' Sales Uncollected Choose Company Numerator Choose Denominator x Days Current receivables net Days' sales uncollected Net sales 36 Barco 0 days 0 days Kyan 1A Days Sal in Inv Req 1B >