Saved Help Save 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 Data from the current year's income statement Assets Sales 5770,000 $903, 200 Cash $ 20,000 $ 31,000 Cost of goods sold 590, 108 644,500 Accounts receivable, net 40,400 54,400 Interest expense 8,700 19,000 Merchandise inventory 84,540 132,500 Income tax expense 14,800 24,935 Prepaid expenses 5,900 7,450 Net Income 156, 400 214, 765 Plant assets, net 280,000 305,400 Basic earnings per share 3.91 4.97 Total assets $430,840 $530,750 Cash dividends per share 3.75 3.92 Liabilities and Equity Beginning-of-year balance sheet data Current liabilities $ 68,340 $102,300 Accounts receivable, net $ 27,800 $ 58,200 Long-term notes payable 78,800 113,000 Merchandise inventory 53,600 115,400 Common stock, $5 par value 200,000 216,000 Total assets 438,000 382,500 Retained earnings 83,700 99,450 Comon stock, $5 par value 200,000 216,00 Total Liabilities and equity $430,840 $530,750 Retained earnings 77.300 54,029 Required: 1a. For both companies compute the (a current ratio. (b) acid-test ratio, ( accounts receivable turnover (ch inventory turnover (e days! sales in Inventory, and (1 days' sales uncollected. (Do not round intermediate 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. 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Salin 1A Days Sal Inv Uncal 1B short term For both companies compute the current ratio. Current Ratio Choose Denominator Company Choose Numerator: Current Ratio