Summary information from the financial statements of two companies competing in the same industry follows. Barco yan Barco Kyan Company an Company Company Data from the current year-end balance sheets Data from the current year's income statement Assets Cash Accounts receivable, net Current notes receivable (trade) Merchandise inventorv Prepaid expenses Plant assets, net Total assets Sales $770,000 $880,200 585,100 632,$00 7,900 13, 000 14,800 24,300 162, 200 210, 400 4.51511 3.93 19,500 34,000 Cost of goods sold 37,400 57,400 Interest expense 9,100 7,200 Income tax expense 84, 440 132,500 Net income 6,950 Basic eanings per share 290,000 304,400 Cash dividends per share 5, 000 3.81 $445,440 $542,450 Beginning-of-year balance sheet data Accounts receivable, net 29,800 $ 54,200 Current notes receivable (trade Liabilities and Equity Current liabilities 61,340 93,300 Long-term notes payable Common stock, $5 par value Retained earnings 80,800 101,000 Merchandise inventory 180,000 206,000 Total assets 123,300 142,150 Common stock, $5 par value 55,600 398, 000 180,000 107,400 382, 500 206,00 Total liabilities and equity $445,440 542,450 Retained earnings 98,300 93,600 Problem 13-5A Part 1 Required 1a. For both companies compute the (aj current ratio.(acid-test ratio, (d accounts (including notes) receivable turnover, (d inventory turnover, (e) days' sales in inventory, and (days' sales uncollected. (Do not round Intermediate calculatlons.) 1b. ldentify 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 1B short term Ratio Ratio Turn Turnover Inv Uncol For both companies compute the current ratio. Current Ratio Current Ratio Current ratio Barco to 1 to 1 1A Current Ratio 1A Acid Test Ratio