28 pints Barco Company xyan Company Barco Company Kyan Company Book Data from the current year-end balance sheets Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, bet Total assets Liabilities and Equity Current liabilities Long-term notes payable Connon stock, 55 par value Retained earnings Total liabilities and equity $ 18,500 $ 35,000 39,400 56,400 84,640 142,500 5.100 7,050 310.000 304,400 $.457.640 $ 545, 350 References 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, SS par value Retained earnings $ 810,000 $908,200 592,100 650,500 8,700 14,000 15,569 25,073 193,631 218,627 5.38 4.84 3.74 4.00 $ 64,340 5 91,300 84,800 103,000 180,000 226,000 128,500 125,050 $.457.640 5 545.350 $ 26,800 55,600 408,000 180,000 69,509 $ 51,200 115,400 412,500 226,000 37,223 Required: 1a. For both companies compute the (a) current ratio, () acid-test ratio, ( accounts receivable turnover. ( Inventory turnover (c) days' sales in Inventory, and (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 IA Act Rec 1A trent A Days Salin A Days Sal Ratio Ratio Turn Turnover Inv Uncol 18 short term For both companies compute the inventory turnover. (d) Inventory Turnover Company Numerator Denominator: Inventory Turnover Inventory turnover Barco O times Kyan 1 omes