The following information applies to the questions displayed below) Summary information from the financial statements of two companies competing in the same industry follows: Barto kyar Iarco Kyan Company Company Company Company Bata from the current year end balance sheets Data from the current year's income statement Assets Sales $770,000 $4,200 Cash $ 22,000 $ 35,000 cost of goods sold 590,100 6361500 Accounts receivable.net 38,400 50,400 Interest expense 7,600 13,000 Merchandise inventory 34,440 134,500 Income tax expense 14,000 24.962 Prepaid expenses 5,300 2.300 Net income 157,500 229,738 Plant assets, net 350.000 308,400 Basic earnings per share 5.32 Total assets $500,640 $535,600 Cash dividends per share 3.76 3.99 Liabilities and Equity Current liabilities Long-ters notes payable Common stock, 35 par value Retained earnings Total liabilities and equity Beginning of year balance sheet data $ 63,340 $ 95,30 Accounts receivable, net 85,800 105,00 Merchandise inventory 160.000 216,000 Total assets 191.500 119,300 Common stock, 55 par value 5500, 640 3535,600 Retained earnings $31.000 $ 55,200 53,600 117,400 100,000 382.500 160,000 216,000 154,320 61,930 Required: 10. For both companies compute the current ratio, (b) acid-test ratio ( accounts receivable turnover (inventory turnover (@days sales in inventory, and I days' sales uncollected. (Do not round intermediate calculations.) Required: 10. For both companies compute the (a) current ratio, (b) acid-test ratio, (accounts receivable tumover, (a) inventory turnover (e) 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. Thy TA Current 1A Add Test IA Act Rec 1A Invent 1A Days Salin 1A Days Sal 15 short term Ratio Ratio Turn Turnover Uncol For both companies compute the current ratio (a) Cuent. Ratio Company Choose Numerator Choose Denominator: Current Ratio Current ratio Barco to 1 Kyan 101 1A Acid Test Ratio > 1a. For both companies compute the (a) current ratio. (b) acid-test ratio, (accounts receivable turnover (c) inventory turnover. (e) 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. 1A Current Ratio 1A Acid Test Ratio IA Acct Rec Turn 1A Invent Turnover 1A Days Salin 1A Days Sal Inv Uncol 18 short term For both companies compute the add-test ratio. (b) Company Choose Numerator: Acid. Test Ratio Choose Denominator Acid Test Ratio Acid-test ratio to 1 Barco Kyan to 1 Required: 10. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (in sales in inventory, and (1) 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. 1A Current IA Acid Test 1A Acct Rec 1A Invent 1A Days Sal in 1 Days Sal 1B short term Ratio Ratio Turn Turnover Inv Uncol For both companies compute the accounts (including notes) receivable turnover (0) Accounts Receivable Tumover Company Choose Numerator Choose Denominator Accounts Receivable Turnover Accounts receivable turnover Barco times Kyan times Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, ( accounts receivable turnover. () invente sales in inventory, and (1 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. Uncol 1A Current IA Acid Test 1A Acct Rec 1A Invent 1A Days Salin 1A Days Sal Ratio 1B short term Ratio Turn Turnover Inv For both companies compute the days! sales in inventory. Days Sales in Inventory Company Choose Numerator: Choose Denominator: x Days - Days' Sales In Inventory Days' sales in inventory Barco days Kyan days Required: 1o. For both companies compute the (a) current ratio, (b) acid-test ratio. (c) accounts receivable turnover, () inventory turn sales in inventory, and (1) 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. 10 short term Turn 1A Current A Acid Test 1A Acct Rec 1A Invent 1A Days Salin 1A Days Sal Ratio Ratio Turnover Inv Uncol For both companies compute the days' sales uncollected. 10 Days Soles Oncollected CompanyChoose Numerator: 7. Choose Denominator Days Days' Sales Uncollected Days' sales uncollected days days Barco Kyan X Complete this question by entering your answers in the tabs below. 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1B short term 1A Days Salin Iny . 1A Days Sal Uncol Identify the company you consider to be the better short-term credit risk. Better short-term credit risk