Summary information from the financial statements of two companies competing in the same industry follows. Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 19,500 $ 34,000 Accounts receivable, net 46,500 64,600 Merchandise inventory 84,440 132,5ee Prepaid expenses 5,000 6,950 Plant assets, net 290.000 304,409 Total assets $445,440 $542,450 narco Kyan Company Company Data from the current year's income statement Sales $770,000 $80,200 Cost of goods sold 565,100 632 500 Interest expense 7.900 13,000 Income tax expense 14,800 74300 Net Income 162,200 210,400 Basic earnings per share 4.51 Cash dividends per share 3.81 1.93 Liabilities and Equity Current Habilities Long-term notes payable Common stock, SS par value Retained earnings Total abilities and equity $ 61,340 $ 93,300 30,800 101,000 180,000 206,000 123, 300 142, 150 $445,440 $542, 450 Beginning of year balance sheet data Accounts receivable, net Merchandise Inventory Total assets Common stock, 35 par value Retained earnings $ 29, $ 54,200 59,600 107 400 300,000 382509 180,000 200.000 90,300 93000 Required: 1a. For both companies compute the (a) current ratio. (b) acid-test ratio, (d accounts receivable turnover, (dinventory 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 Sal in 1A Days Sal Inv Uncol 1B short term For both companies compute the current ratio. (a) Company Current Ratio Choose Denominator: Choose Numerator: Current Ratio Current ratio = to 1 Barco Kyan = to 1 1A Acid Test Ratio > Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio. (accounts receivable turnover. (d) inventory turnover (edays sales in inventory, and ( 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 Sal in 1A Days Sal Iny Uncol 18 short term For both companies compute the acid-test ratio. Acid.Test Ratio (b) Company Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-test ratio to 1 101 + Barco Kyan + Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio. (accounts receivable turnover (inventory turnover(edays' 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. Inv 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Salin 1A Days Sal Ratio Ratio Turn Turnover 16 short term Uncol For both companies compute the accounts (including notes) receivable turnover. (c) Accounts Receivable Turnover Company Choose Numerator: 1 Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover times Barco times Kyan Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (accounts receivable turnover, (dinventory 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. Inv 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Salin 1A Days Sal Ratio Ratio Turn Turnover 1B short term Uncol For both companies compute the inventory turnover. (d) Inventory. Turnover Company Choose Numerator: Choose Denominator Inventory Turnover Inventory turnover Barco times times Kyan Required: 1a. For both companies compute the (a) current ratio. (b) acid-test ratio, ( accounts receivable turnover. (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 1A Acid Test 1A Acct Rec 1A Invent 1 Days Salin 1A Days Sal Ratio Ratio Turn Turnover Inv Uncol 1B short term For both companies compute the days' sales in inventory. (e) Days' Sales in Inventory Company Choose Numerator: 1 Choose Denominator Days Days' Sales in Inventory Days' sales In Inventory X = X (days Barco Kyan x days Required: 1a. For both companies compute the (a) current ratio. (b) acid-test ratio, ( accounts receivable turnover (inventory turnover (e) days sales in inventory, and (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 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal Ratio 1B short term Ratio Turn Turnover Inv Uncol For both companies compute the days' sales uncollected. (1) Days. Sales Uncollected Company Choose Numerator: Choose Denominator: X Days Days' Sales Uncollected Days' sales uncollected X days Barco 7 X Kyan days 1A Days Salin Inv 18 short term> Required: 10. For both companies compute the (a) current ratio, (b) acid-test ratio, ( accounts receivable turnover. () 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. 18 short term 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal Ratio Ratio Turn Turnover Iny Uncol Identify the company you consider to be the better short-term credit risk. Better short-term credit risk