(20 points) Saved Help Save & Exit Submit Summary information from the financial statements of two companies competing in the same industry follows. Check my work Assets Cash Barco Company Company Kyan Barco Company Kyan Company Data from the current year-end balance sheets Data from the current year's income statement Sales $770,000 $880,200 $ 19,500 $ 34,000 Cost of goods sold 585,100 632,500 46,500 64,600 Interest expense 7,900 13,000 Income tax expense 14,800 24,300 6,950 Net income 162,200 210,400 304,400 Basic earnings per share 4.51 5.11 Cash dividends per share 3.81 3.93 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 84,440 132,500 5,000 290,000 $445,440 $542,450 $ 61,340 $ 93,300 80,800 180,000 101,000 206,000 123,300 142,150 $445,440 $542,450 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings $ 29,800 $ 54,200 55,600 107,400 398,000 382,500 180,000 206,000 98,300 93,600 1 1 of 2 Skipped Required: Check my work 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 (1) 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. 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 18 short term 1A Current 1A Acid Test 1A Acct Rec Ratio Ratio Turn For both companies compute the current ratio. eflook (a) Print Company Choose Numerator: References Barco Kyan " 1 Current Ratio Choose Denominator: Current Ratio Current ratio 0 to 1 0 to 1 nell M Gmail YouTube Maps Translate. MindTap Exercises- rehensive Problem (20 points) Saved 12 ok d Help Save & Exit Submit Check my work 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 (4) 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. 1A Current 1A Acid Test 1A Acct Rec Ratio Ratio Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv 18 short term Uncol For both companies compute the acid-test ratio.. (b) Company Barcol Kyan . Choose Numerator: + Acid-Test Ratio Choose Denominator: T Acid-Test Ratio Acid-test ratio 0 to 1 = 0 to 1 #2 aces Required information Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test 1A Acct Rec Ratio Ratio Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal 18 short term Inv Uncol For both companies compute the accounts (including notes) receivable turnover. (c) Accounts Receivable Turnover Company Choose Numerator: / Choose Denominator: = Accounts Receivable Turnover = Accounts receivable turnover Barco Kyan = 0 times 0 times Check my worl of 2 ped bok int Complete this question by entering your answers in the tabs below. 1A Invent Turnover 1A Days Sal in 1A Days Sal Invi 18 short term Uncol 1A Current 1A Acid Test 1A Acct Rec Ratio Ratio Turn For both companies compute the inventory turnover. (d) Company Choose Numerator: 1 Inventory Turnover Choose Denominator: = = Inventory Turnover Inventory turnover Barco ences Kyan 1 Required information Saved Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test 1A Acct Rec Ratio Ratio Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Invi 18 short term Uncol For both companies compute the days' sales in inventory. (e) Days' Sales in Inventory Company Choose Numerator: Choose Denominator: x Days = 1 x = Barco Kyan x = x = Prev 1 2 of 2 Next > Help Save & E Che Required information Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test 1A Acct Rec Ratio Ratio Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Invi Uncol 1B short term For both companies compute the days' sales uncollected. (f) Company Choose Numerator: Barco Kyan Days' Sales Uncollected Choose Denominator: x Days = x X X 0 days 0 days Save & Ch