urgent

Q6 - Chapter 17 Following are data from the statements of two companies selling similar products. All amounts are in thousands (in '000). Hint: Use the Financial Ratios Formulas Table provided below as Guideline. Current Year-End Balance Sheets Jetta Joop Company Company Cash 12 20 Notes receivable short-term * 3 Accounts receivable, net 42 Inventory 59 Prepaid expenses 21 Plant and equipment, net Total assets 6144 6463 BIZ 56 70 Current liabilities Mortgage payable Common stock, 10 par value Retained earnings Total liabilities and stockholders' equity 1919929 80 80 160 140 154 525 Data from the Current Year's Income Statement Sales 672 EX Cost of goods sold 700 Interest expense Net income Beginning-of-Year Data Inventory 53 Total assets 146 44 Stockholders' equity 217 285 BA Required: Calculate for the two companies: 1 current ratios 2 acid-test ratios 3. inventory turnovers 4 days' sales uncollected (DSO), 5. debt ratios 6. equity ratios 7. debt-to-equity ratios, and & then state which company you think is the better short- term credit risk and why