3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Round your perc answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 2017 90 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities 100.00 % 10000 100.00 100.00% % Common stock 9 100.00 % 100.00 Other paid in capital Retained earnings Total liabilities and equity 100 00 % 100.00 100.00% 3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 2017 Assets Current assets % % 100.00 % 100.00 Long-term investments Plant assets, net Total assets Liabilities and Equity 100.00 100.00 % % 96 Current liabilities % 100.00 % Common stock 100.00 100.00 Other paid-in capital Retained earnings Total liabilities and equity % 100.00 100.00 % The following information applies to the questions displayed below.) Summary information from the financial statements of two companies competing in the same Industry follows. Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 21,500 $ 30,000 Accounts receivable, net 38,400 57,400 Merchandise inventory 84,640 136,500 Prepaid expenses 6,100 7,850 plant assets, net 299,000 304,400 Total assets $440, 640 $535, 350 Barco Kyan Company Company Data from the current year's income statement Sales $770,000 $912,200 Cost of goods sold 593, 100 640 sec Interest expense 8,689 17,00 Income tax expense 14,800 25183 Net income 153,500 229,517 Basic earnings per share 4.86 Cash dividends per share 3.75 3.96 Liabilities and Equity Current liabilities Long-term notes payable Common stock, 55 par value Retained earnings Total liabilities and equity $ 63,348 591,300 84,800 103,000 190,000 236, eee 102,500 105,050 $440, 640 $535, 350 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, 55 par value Retained earnings $ 29,800 $ 52,200 57,600 115,400 378,000 412 500 190,000 236,000 91,500 62445 Required: to. For both companies compute the (a) current ratio, (b) acid-test ratio, (accounts receivable turnover (inventory turnover, (e) days sales in inventory, and (days' sales uncollected. (Do not round intermediate calculations.) b. 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 Ratio IA Acid Test Ratio IA Acct Rec Turn 1A Invent Turnover LA Days sal in 1A Days Sal Inv Uncol 13 short term For both companies compute the acid-test ratio Acid-Test Ratio (b) Company Choose Numerator: Choose Denominator Barco + Acid-Test Ratio Acid test ratio O to 1 Oto 1 Eyan Required: 10. For both companies compute the (a current ratio. (b) acid-test ratio, (c) accounts receivable turnover. (c) inventory turnover, (e) days sales in inventory, and (7 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 Ratio IA Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Salin A Days Sal Iny J CGV 1B short term For both companies compute the current ratio Company Choose Numerator Current Ratio Choose Denominator: Not sales Barco Kyan Current Ratio = Current ratio Oto 1 to 1 1 1A Acid Test Ratio > . Required: 10. For both companies compute the (a) current ratio. (b) acid-test ratio, (c) accounts receivable turnover (0) 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. 1B short term 1A Current 1A Acid Test 1A Adct Rec 1A Invent 1A Days Salin 1A Days Sal Ratio Ratio Turn Turnover Iny Uncol For both companies compute the accounts (including notes) receivable turnover. (c) Company Choose Numerator: Accounts Receivable Turnover 1 Choose Denominator: = Accounts Receivable Turnover = Accounts receivable turnover 0 times Barco 1 Kyan 0 times Required: 10. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnov 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 Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 1B short term For both companies compute the inventory turnover. (d) Company Choose Numerator: Inventory Turnover 1 Choose Denominator: 1 Barco Inventory Turnover Inventory turnover O times O times 11 Kyan Required: 10. For both companies compute the (a) current ratio. (b) acid-test ratio accounts receivable turnover. () Invent 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. 1B short term 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1a Lays Salin 1A Days Sal Ratio Ratio Turn Turnover Inv Uncol For both companies compute the days' sales in inventory. Company Choose Numerator: Days' Sales in Inventory 1 Choose Denominator: X Days X Barco Kyan = Days' Sales in Inventory Days' sales in inventory 0 days 0 days X X ( 1A Invent Tumover 1A Days Sal Uncol > Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (c) inv 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 1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal Ratio Ratio Turn Turnover Iny 1B short term Uncol For both companies compute the days' sales uncollected. in Days Sales Uncollected CompanyChoose Numerator Choose Denominator: * Days - Days' Sales Uncollected = Days' sales uncollected Barco 1 0 days Kyan o days Required: 10. For both companies compute the (a) current ratio, (b) acid-test ratio, (q) accounts receivable turno 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 Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in Inv 1A Days Sal Uncol 1B short term Identify the company you consider to be the better short-term credit risk. Better short-term credit risk