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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: 1a. For both companies compute the (a) crrent 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. Complete this question by entering your answers in the tabs below. For both companies compute the current ratio. Required: a. For both companies compute the (d) current ratio, (b) acidetest ratio, (c) accounts recelvable turnover, (d) inventory tumover, (e) days' sales in inventory, and ( h days' sales uncollected. Note: Do not round intermediate calculations. Ib. 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 acid-test ratio. Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, ( ( accounts recelvable turnover, (c) inventory turnover, (o) days' sales in inventory, and ( $ 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 accounts (including notes) receivable turnover. Complete this question by entering your answers in the tabs below. For both companies compute the inventory turnover. Complete this question by entering your answers in the tabs below. For both companies compute the days' sales in inventory. Complete this question by entering your answers in the tabs below. For both companies compute the days' sales uncollected. Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (d) 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. Identify the company you consider to be the better short-term credit risk