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All parts Barco Company Kyan Company Data from the current year-end balance sheets Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant sets, bet
All parts
Barco Company Kyan Company Data from the current year-end balance sheets Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant sets, bet Total assets Liabilities and Equity Current liabilities Long-term notes payable Common stock. $5 par value Retained earning Total liabilities and equity Barco Kyan Company Company Data from the current year's income statement Sales $ 18,500 $ 35,000 Cost of goods sold 39,400 56,400 Interest expense 84,640 142,500 Income tax expense 5,100 7,050 Net Income 310.000 304,400 Basic earnings per share $ 457,640 $ 545,350 Cash dividends per share Beginning-of-year balance sheet data $ 64,340 $ 91,300 Accounts receivable, net 84,800 103,000 Merchandise inventory 380,000 226,000 Total assets 128,500 125,050 Common stock, 55 par value 5.457.640 5 545,350 Retained earnings $ 810,000 592,100 8,700 15,569 193,631 5.38 $ 908, 200 650,500 14,000 25,073 218,627 4.84 4.00 3.74 $ 26,800 55,600 408,000 180,000 69,509 $ 51,200 115,400 412,500 226,000 87,223 Required: 1a. For both companies compute the current ratio. (b) acid-test ratio, accounts receivable turnover. () Inventory turnover. (e) days' sales In Inventory, and (doys' 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 Add Test 1A Acct Rec 1A Invent Ratio Ratio Turn Turnover For both companies compute the acid-test ratio. 1A Days Salin 1A Days Sal Uncol Inv 13 short term Acid-Test Ratio Numerator b) Company Cash $ Kyan $ Denominator Barco 18,500 35.000 Acid-Test Ratio Acid-test ratio Oto 1 Oto 1 Step by Step Solution
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