5:59 LTE E x AC 112 Assignment #5.pdf ... AC 112 Assignments Financial Ratios The following information is available for the Carter Co Cash: $45.000 Short-Term Investments $82,000 Receivables $105.000 Current Assets: $312,000 Current Liabilities: $123,000 Net Sales: $850,000 Cost of Goods Sold: $400.000 Net Income: $360,000 Beginning Inventory: $61 000 Ending Inventory: $56,000 Beginning Accounts Receivable: $124.000 Ending Accounts Receivable: $99,000 The following information is available for the Dalton Co Cash: $56,000 Short-Term Investments: $85,000 Receivables $111.000 Current Assets: $302.000 Current Liabilities: $90.000 Net Sales: $750,000 Cost of Goods Sold: $323.000 Net Income: $400,000 Beginning inventory: $89.000 Ending Inventory: $91,000 Beginning Accounts Receivable: $102.000 Ending Accounts Receivable: 94.000 Required: 1. For both companies calculate the current ratio, acid test, wording capital accounts receivable turnover, inventory turnover, and profit margin 2. Which company is the better credit risk