\\\\table[[balance sheets,,,statement],[Assets,,,Sales],[Cash,

$19,500

,

$33,000

,Cost of goods sold],[Accounts receivable, net,37,400,56,400,Interest expense],[Merchandise inventory,84,640,134,500,Income tax expense],[Prepaid expenses,5,900,6,900,Net income],[Plant assets, net,350,000,304,400,Basic earnings per share],[Total assets,

$497,440

,

$535,200

,Cash dividends per share],[\\\\table[[Liabilities and Equity],[Current liabilities]],

$68,340

,

$91,300

,\\\\table[[Beginning-of-year balance sheet data],[Accounts receivable, net]]],[Long-term notes payable,86,800,115,000,Merchandise inventory],[Common stock,

$5

par value,190,000,206,000,Total assets],[Retained earnings,152,300,122,900,Common stock,

$5

par value],[Total liabilities and equity,

$497,440

,

$535,200

,Retained earnings]]\ Problem 13-5A (Algo) Part 1\ Required:\ 10. For both companies compute the (d) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (

d

) invent sales in inventory, and (

) days' sales uncollected.\ Note: Do not round intermediate calculations.\ 1b. Identify the company you consider to be the better short-term credit risk.

Required: 10. For both companies compute the ( a ) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, ( d ) invent sales in inventory, and ( f ) days' sales uncollected. Note: Do not round intermediate calculations. 1b. Identify the company you consider to be the better short-term credit risk. Required: 10. For both companies compute the ( a ) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, ( d ) invent sales in inventory, and ( f ) days' sales uncollected. Note: Do not round intermediate calculations. 1b. Identify the company you consider to be the better short-term credit risk