9 Required Informetion The following information applies to the questions displayed below] Summary Information from the financial statements of two companies competing in the same Industry follows Part 1 of 2 Bar co points Data from the carrent year-end balance sheets Assets Cash Accounts receivable, net Current notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net Total assets 21,000 31,000 56, 400 8, 400 84, 240 132, 500 6, 900 290, 000 304, 400 $448, 340$ 539, 600 38, 400 9, 000 eBook 5, 700 Ask Liabiliti es and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $71,340$ 83, 800 180, 000 113,200 101, 300 99, 000 236, 000 103,300 539, 600 $448, 340$ Data from the current years income statenent Sales Cost of goods sold Interest expense Income tax expense Net income Basia earnings per share Cash dividends per share $800, 000$ 909, 200 595, 100 640, 500 15, 000 25, 100 180, 423 228, 600 4.84 3. 95 9, 100 15, 377 5. 01 3. 74 Beginning of year balance sheet data Accounts receivable, net Current notes receivable (trade) Merchandise inventory Total assets Common stook, $5 par value Retained earnings $29, 800$ 52, 200 63, 600 378,000 180, 000 67,417 107, 400 372, 500 236, 000 61, 140 Required: 1a. For both companies compute the ( current ratio. (b) acid-test ratio, (d accounts (including notes) recevable turnover, (Inventory turnover, (e) days' sales In Inventory, and (days' sales uncollected. (Do not round Intermediete calculetions.) 1b. Identify the company you consider to be better short-term credit risk. Complete this question by entering your answers in the tabs belovw Re 1 1A Current 1A Acid 1A Acct Rec 1A Invent 1A Days Sal 1A Days Sal RatioTest Ratio Turn Turnover in Inv Uncol For both companies compute the current ratio. (a) Current Ratio Current Ratio Choose Company Numerator Choose Denominator: - Current ratio 0 to 1 0 to 1 Barco Kyan 1A Current Ratio > 1A Acid Test Ratio Ratio est RatIo IN IrIV For both companies compute the acid-test ratio (b) Acid Test Ratio Acid-Test Ratio Choose Denominator: Choose Numerator: ompany Acid-test ratio o to 1 0 to 1 Barco Kyan A Acct Rec Turn 1A Current Ratio Ratio est RatIo IN IrIV For both companies compute the acid-test ratio (b) Acid Test Ratio Acid-Test Ratio Choose Denominator: Choose Numerator: ompany Acid-test ratio o to 1 0 to 1 Barco Kyan A Acct Rec Turn 1A Current Ratio 1A Current 1A Acid 1A Acct Rec 1A Invent 1A Days Sal 1A Days Sal Rea 18 RatioTest RatioTurn Turnover in Inv Uncol For both companies compute the accounts (including notes) receivable turnover. (c) Accounts Receivable Turnover Choose Accounts Receivable Turnover Company Numerator I Choose Denominator: Accounts receivable turnover Barco 0 times Kyan 0 times 1A Acid Test Ratio 1A Invent Turnover> 1A Curent1A Acid 1A Acct Rec 1A Invent 1A Days Sal 1A Days SalRea 18 Req RatioTest Ratio TurnTurnoverin Inv Uncol For both companies compute the inventory turnover. (d) Inventory Turnover Inventory Turnover Choose Company Numerator: Choose Denominator: Inventory turnover 0 times Barco Kyan 0 times