Required information [The following information applies to the questions displayed below.] Summary information from the financial statements of two companies competing in the same industry follows. Required: a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, ( d ) inventory turnover, (e) days' ales in inventory, and (f days' sales uncollected. Note: Do not round intermediate calculations. b. Identify the company you consider to be the better short-term credit risk. Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable 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. Complete this question by entering your answers in the tabs below. For both companies compute the current ratio
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