The following information is available for Morgan Company and Parker Company, similar firms operating in the same industry. Write a half-page report comparing Morgan and Parker using the available information. Your discussion should include their ability to meet current obligations and to use current assets efficiently.

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Parker an 2016 2015 2.1 1.2 29.2 17.1 $70,000 $58,000 $52,000 1.9 1.6 16.0 12.6 $131,000 $103,000 $78,000 3.2 2.8 16.4 14.5 2.7 2.5 15.2 13.0 1.6 3 Current ratio 4 Acid-test ratio 5 Accounts receivable turnover 6 Merchandise inventory turnover 7 Working capital 1.0 30.5 24.2 25.2 21.9