2 Part 1 of 2 Data from the current year-end balance sheets Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity Barco Company $ 22,500 $ 31,000 33,400 58,400 84,740 134,500 5,600 7,650 280,000 310,400 $ Kyan Company $ 426,240 541,950 $ $ 65,340 $ 93,300 80,800 99,000 170,000 216,000 110,100 133,650 $ 426,240 541,950 Data from the current year's income statement Sales Cost of goods sold Interest expense Income tax expense Net income Basic earnings per share Cash dividends per share Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings Kyan Barco Company Company S $ 780,000 898,200 593,100 630,500 7,800 14,992 164, 108 4.83 3.72 $ 72,472 16,000 24,797 226,903 5.25 3.97 $ 26,800 $ 53,200 61,600 107,400 388,000 412,500 170,000 216,000 78,251 Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover, (e) days' sales in inventory, and (f) days' sales uncollected. (Do not round intermediate

Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover, (e) days' sales in inventory, and ( f ) days' sales uncollected. (Do not round intermediate