[The following information applies to the questions displayed below.) Summary information from the financial statements of two companies competing in th same industry follows Fender Gibson Company Company Gibson Company Company Data from the current year-end balance sheets Assets Cash Accounts receivable, net Current notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net Total assets Data from the current year's income statement $ 770,000 $ 889,200 594,100 634,500 13,000 14,800 24,548 52,300 217152 5.27 3.99 $21,000 34,000 Cost of goods sold 34,400 57400 Interest expense 8,800 9,000 8400 Income tax expense 84.440 132,500 Net income 5.30?7050 Basic earnings per share Cash dividends per share 4.01 3.79 300,000 312.400 $454140 $ 551,750 Beginning-of-year balance sheet data Accounts receivable, net Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilties and equity $ 31,800$ 51,200 61,340 $ 91300 Current notes recelvable (trade) 86,800 105,000 Merchandise inventory 190,000 206,000 Total assets 16,000 149.450 Common stock, $5 par value 55.600 115.400 378,000 392,500 90,000 206,000 07720 96,686 454140 $551750 Retained earnings 20.00 points Required 1.1 For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts (including notes) receivable turnover, (d) inventory turnover, (e) days' sales in inventory, and (f) days' sales uncollected. (Do not round intermediate calculations.) Choose Numerator: Current Ratio Current ratio Fender 0 to 1 Gibson 0 to 1