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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

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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. Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, ( ( accounts recelvable tumover, ( (d) inventory turnover, ( () days' sales in inventory, and ( h days' sales uncollected. Note: Do not round intermediate calculations. 1b. Identify the company you consider to be the better short-term credit risk

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