Requlred Informatlon 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 Kyan Barco Kyan Company Company 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 $790,000 $922,200 593,100 632 500 8,900 18,000 15,185 25J459 172,815 246,241 98 4.01 $ 19,500 33,000 Cost of goods sold 37,400 53,400 Interest expense 9,500 7,400 Income tax expense 740 134,500 Net income 6,200 7,750 Basic earnings per share 300,000 309,400 Cash dividends per share 5.08 3.74 $457,340 $545,450 Beginning-of-year balance sheet data Accounts receivable, net Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity S 30,800 54 200 $ 71,340 91,300 Current notes receivable (trade) 79,800 105,000 Merchandise inventory 170,000 206,000 Total assets 136,200 143,150 Common stock, $5 par value 57,600107 400 428,000 392,500 170,000 206000 90,545 62,121 457,340 $545,450 Retained earnings 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. Complete this question by entering your answers in the tabs below 1A Current 1A Acid Test1A Acct Rec1A Invent 1A Days Sa in 1A Days Sal Req 1B Ratio Ratio Turn Turnover Inv Uncol For both companies compute the acid-test ratio cid-Test Ratio ompany Choose Numerator: Choose Denominato: -Acid-Test Ratio Cash Short-term investmentsCurrent receivables Current liabilities Acid-test ratio Barco S 19.500+ 71,340 91,300 to 1 Kyan 33,000+ to 1