Summary information from the financial statements of two companies competing in the same industry follows. Barco Xyan Company Company Data from the current year-end balance sheets Assets Cash $ 19,000 $ 32,000 Accounts receivable, net 34,400 50,400 Merchandise inventory 84, 640 132,500 Prepaid expenses 6.000 7.750 plant sets, net 320,000 012,400 Total assets $464,040 $535,050 Tarco Kyan Company Company Data from the current year's income statement Sales $760,000 $910,200 Cost of goods sold 588,100 634,500 Interest expense 7,500 16.000 Income tax expense 14.508 25,12 Net income 149,792 234,572 Basic earnings per share 4.16 5.45 Canh dividends per share 3.70 4.02 Liabilities and Equity Current abilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 67,340 $ 91,300 79,800 109,000 180,000 216,000 236,900 118,250 5464,040 $535,050 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Totalt Common stock, 55 par value Retained vating $ 30,800 $ 51,200 63.600 109,400 428.000 382,50 180,000 216,000 120.308 57,84 Required: 1a. For both companies compute the (a) current ratio. (b) acid-test ratio. ( accounts 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 the better short-term credit risk. For both companies compute the current ratio. (a) Company Choose Numerator: Current Ratio 1 Choose Denominator: 11 Current Ratio Current ratio 1 Barco to 1 Kyan to 1 SAC 1A Acid Test Ratio Complete this question by entering your answers in the tabs below. IA Current Ratio 1A Acid Test Ratio 1A Acct Rec Tum 1A Invent Turnover 1 A Days Sal in 1A Days Sal Iny Uncol 1 short term For both companies compute the acid-test ratio. (6) Company Acid Test Ratio Choose Numerator: Choose Denominator Barco Kyan Acid Test Ratio Acid-test ratio to 1 101 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Salin Inv 1 A Days Sal Uncol 1B short term For both companies compute the accounts (including notes) receivable turnover. (c) Company Choose Numerator: Accounts Receivable Turnover Choose Denominator: Accounts Receivable Turnover - Accounts receivable turnover Barco times Kyan times 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 1 A Days Sal in Inv 1A Days Sal Uncol 1B short term For both companies compute the inventory turnover. (d) Company Choose Numerator: Inventory Turnover 1 Choose Denominator: = Inventory Turnover Inventory tumover Barco times Kyan times 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 1B short term For both companies compute the days' sales in inventory. (0) Company Choose Numerator: Days Sales in Inventory | Choose Denominator: X Days X = Days' Sales In Inventory Days' sales in inventory days days Barco Kyan X Complete this question by entering your answers in the tabs below. 1A Current Ratio 1A Acid Test Ratio 1A Acet Rec Turn 1A Invent Turnover 1A Days Salin Iny IA Days Sal Uncol 1 short term For both companies compute the days' sales uncollected () Company Choose Numerator: Day Sales Uncollected Choose Denominator Days Days Sales Uncollected Days soles uncollected Barco Kyan days days 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 Inv 1A Days Sal Unco 1B short term Identify the company you consider to be the better short-term credit risk. Better short-term credit risk