summary information from the financial statements up to companies competing in the same industry follows.

Summary information from the financial statements of two companies competing in the same Industry follows, Barco Kyani Company Company Data from the current year-end balance sheets Assets Cash $ 20,000 $31,600 Accounts receivable, net 35,400 56,400 Merchandise inventory 84,340 140,500 Prepaid expenses 5,200 7,000 Plant assets, net 340,000 306,400 Total assets $484,940 5541,300 Barco Kyan Company Company Data from the current year's income statement Sales $750,000 $901,200 Cost of goods sold 584,100 652500 Interest expense 7,700 11,000 Income tax expense 14,992 251023 Net Income 173,208 219,627 Basic earnings per share 4.81 Cash dividends per share 3.78 4.00 $.08 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 63, 340 $ 96,300 84,800 103,000 180,000 216,000 156,880 126,080 $434,940 $541,300 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, 55 par value Retained earnings $ 27, Beos 53200 55,600 115,400 288,000 392 500 180,000 216,000 119,672 79173 Required: 1a. For both companies compute the current ratio. (b) acid-test ratio, accounts receivable turnover (Inventory turnover (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. LA Current Ratio 1 Add Test Ratio 1A At Red Turn IAI Turnover IA DS 1A Daval in short term w Uncol For both companies compute the current ratio. al Coroany Choose Numerator Current Ratio Choose Denominator Current Ratio Currento Otot Oto Barco Kyan 1A Acid Test Ratio >