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[The following information applles to the questions displayed below.] Summary information from the financlal statements of two companies competing in the same industry follows. Required:
[The following information applles to the questions displayed below.] Summary information from the financlal statements of two companies competing in the same industry follows. Required: la. For both companles compute the (a) current ratlo, (b) acid-test ratio, (c) accounts recelvable turnover, (d) inventory turnover, (e) days" 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
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