The following financial results are shown for East, Inc. and West, Inc.

Ratios	East, Inc.	West, Inc.
Current ratio	2.3	2.6
Acid test ratio	1.2	1.4
Accounts receivable turnover	8.4 times	8.8 times
Inventory turnover	4.7 times	5.1 times
Days sales in inventory	64 days	59 days
Days sales uncollected	34.2 days	29.7 days
Profit margin ratio	3.2%	2.8%
Total asset turnover	1.1	.9
Return on common stockholder equity	4.6%	4.1%
Price earnings ratio	18.3	28.8
Dividend yield	.89%	.90
Debt ratio	.62	.68
Times interest earned	2.6 times	2.2 times

From the above financial data, prepare two separate memos. In the first memo, determine which of the two companies would be the better short-term credit risk and explain why. In the second memo, determine which of the two companies the better investment is and explain why. Your explanations must mention the exact ratios and numbers compared to support your choice.