Question: Required information Problem 17-5A Comparative ratio analysis LO A1, P3 [The following information applies to the questions displayed below.] Summary information from the financial statements

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Required information Problem 17-5A Comparative ratio analysis LO A1, P3 [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) current ratio, (b) acid-test ratio, (c) accounts (including notes) receivable turnover, (d) inventory turnover, (e) days' sales in inventory, and ( f 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 acid-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 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. 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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