7 Check my work The following information applies to the questions displayed below) Summary Information from the financial statements of two companies competing in the same industry follows b! 2 Barco kyan Company Company Data from the current year end balance sheets Assets Cash $ 19,500 $ 33,000 Accounts receivable, net 39,400 59,400 Merchandise inventory 84,240 128,500 Prepaid expenses 6,180 7,85e plant assets, net 358.000 305,469 Total assets $499,240 $530,150 Data from the current year's incoot statement Sales 57, 389,20 Cost of goods sold 383,109 532.522 Interest expose 1.099 Income tax expense 14.992 Net Income 183,203 214.110 Basic earnings per share 3.89 Cash dividends per shace 27 Sook Liabilities and Equity Current liabilities Long-term notes payable Common stock, 55 par value Retained earnings Total liabilities and equity Beginning-of-year balance sheet data 3 61,348 5 97,300 Accounts receivable.net 82.800 111,000 Merchandise inventory 210,000 236,000 Total assets 145,100 Common stock, 55 par value 5499,240 $534,150 Retained carnings $ 25,005 53 59, 16, 413,00 3.58 2.30.000 139, 11 5,554 Check Required information 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Salin Inv 1 A Days Sal Uncol 13 short term For both companies compute the current ratio. (a) Company Choose Numerator: Current Ratio Choose Denominator: Current Ratio Current ratio Oto 1 O to 1 Barco 1 - Kyan Coo 1A Acid Test Ratio > Chcemy w Required information 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Iny Uncol 18 short term For both companies compute the acid-test ratio. Acide Test Ratio (0) Company Choose Numerator: Choose Denominator Acid Test Astera 001 in 1 Barco Kyan C sum Check my won Required information 1A Current Ratio 1A Acid Test Ratio 1A Acct Red Tum 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 18 short term For both companies compute the accounts (including notes) receivable turnover. (c) Company Choose Numerator: Accounts Receivable Turnover Choose Denominator = Accounts Receivable Tumor Accounts receivable turnover O times Barco Kyan O times 1A Invent Turnover Required information 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Saling 1A Days Sal Iny Uncol 1B short term For both companies compute the days' sales uncollected. Days Sales Uncollected Choose Denominator: x Days CompanyChoose Numerator: 1 X = Days Sales Uncollected = Days' sales uncollected o days O days X Barco X Kyan 1B short term > Chcemy w Required information 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Iny Uncol 18 short term For both companies compute the acid-test ratio. Acide Test Ratio (0) Company Choose Numerator: Choose Denominator Acid Test Astera 001 in 1 Barco Kyan C sum Check my won Required information 1A Current Ratio 1A Acid Test Ratio 1A Acct Red Tum 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 18 short term For both companies compute the accounts (including notes) receivable turnover. (c) Company Choose Numerator: Accounts Receivable Turnover Choose Denominator = Accounts Receivable Tumor Accounts receivable turnover O times Barco Kyan O times 1A Invent Turnover Required information 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Saling 1A Days Sal Iny Uncol 1B short term For both companies compute the days' sales uncollected. Days Sales Uncollected Choose Denominator: x Days CompanyChoose Numerator: 1 X = Days Sales Uncollected = Days' sales uncollected o days O days X Barco X Kyan 1B short term >