Summary information from the financial statements of two companies competing in the same industry follows. Cash $ 22,000 $ 37,000 Accounts receivable, net 39,400 56,400 Merchandise inventory 85,040 138,500 5,900 6,950 320,000 304,400 $472,340 $ 543,250 Barco Company Kyan Company Data from the current year-end Barcol Kyan Company Company Data from the current year's balance sheets Assets Sales incone statement Cost of goods sold Interest expense. Income tax expense $780,000 $ 911,200 588,100 646,500 8,500 10,000 14,992 25,155 Prepaid expenses Plant assets, net Total assets Liabilities and Equity 168,408 229,545 4.43 5.57 3.80 3.99 Net income Basic earnings per share Cash dividends per share Beginning-of-year balance sheet data. Current liabilities $ 64,340 $90,300 Accounts receivable, net. $ 29,800 $ 57,200 Long-term notes payable 86,800 109,000 Merchandise inventory 63,600 107,400 Common stock, $5 par value 190,000 206,000 Total assets. 408,000 412,500 Retained earnings 131,200 137,950 Total liabilities and equity $472,340 $ 543,250 Common stock, $5 par value Retained earnings 190,000 206,000 107,192 72,793 Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover, (e) days' sales in inventory, and (f) 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 Acct Rec 1A Acid Test Turn Ratio 1A Invent 1A Days Sal in 1A Days Sal Inv Uncol Turnover 18 short term For both companies compute the current ratio.. (0) Company Current Ratio Numerator: Denominator: Current Ration Current assets Current liabilities .. Current ratio Next