Question: I need answer for all parts please. Summary information from the financial statements of two companties competing in the same industry follows. Required: 1a. For







Summary information from the financial statements of two companties competing in the same industry follows. Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover, (e) day 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. For both companies compute the current ratio. Complete this question by entering your answers in the tabs below. For both companies compute the adid-test ratio. Complete this question by entering your answers in the tabs below. For both companies compute the accounts (including notes) receivable turnover. Complete this question by entering your answers in the tabs below. For both companies compute the inventory tumover. For both companies compute the days' sales in inventory. For both companies compute the days' sales uncollected. Complete this question by entering your answers in the tabs below. Identify the company you consider to be the better short-term credit risk
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