Barco Company Data from the current year-end balance sheets Kyan Company kyan Company Cash Accounts receivable, net Current notes receivable (trade) Merchandise Inventory Prepaid expenses Plant assets, net Total assets $ 21,000 $31.000 37,400 54,40 9,800 54,840 134,500 6,200 1,050 290.000 100.400 9443,2405542,350 Barco Company Data from the current year's Income statement Sales 600,000 Cost of goods sold 507,100 Interest expense ,300 Income tax expense 15,373 Net Income 139,223 Basic earnings per share Cash dividends per share 3.50 $920,200 63450 11.000 25404 249.296 3.28 $ 26,00 $ 5 200 Beginning-of-year balance sheet data Accounts receivable, not Current notes receivable (trade) Merchandise Inventory Total assets on stack, 55 par value Retained earnings 65. Libilities and Equity Current liabilities Long-teranotes payable on stock, SS par value Betained earnings Total liabilities and equity C C 220.0 59,077 236 3 .1 5449,240 $542,350 Required: to. For both companies compute the current ratio ) acid-test ratio. Id accounts (including notes) receivable tumover. I Inventory turnover (c) days' sales in inventory, and (days' sales uncollected. (Do not round intermediate calculations.) Ib. Identify the company you consider to be better short-term credit risk Complete this question by entering your answers in the tabs below. LA Current Ratio IA Acid Test IA Acct Rec Turn Bato IA Invent Turnover 1A Days Salin 1A Days Sal Uncol R 18 For both companies compute the acid-test ratio. Aud-Test - Acid-Test Ratio Acid Test Ratio Choose Denominator les Current os 2.000594200 x Place 68.340 4350 ( 1A Current Ratio 1A Acct Rec l > +2= 4900 4100 Prvi - Change SR:0 v Y 100 = 52.857752-88 Kyan Company Sarco Company Data from the current year end balance sheets $ 21,000 $31.000 Accounts receivable, bet Current notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net Total assets Data from the current years income Sales Cost of goods sold Interest expense Income tax expense Net Income Baste earnings per share Cash dividends per share 9.00 .200 84,840 134,500 6.200 7 ,ase 290,000 306,400 $449,2405542,350 abilities and Equity Current liabilities Long-tere notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 68,340 79,00 220,000 81,100 $449,240 $ 94,300 113,000 236,000 99,050 $542,350 Beginning-of-year balance sheet data Accounts receivable, net Current notes receivable (trade) Merchandise Inventory Total assets Common stock, 55 par value Retained earnings Required: to. For both companies compute the (a) current ratio. (b) acid-test ratio. Id accounts (including notes) receivable turne turnover (c) days' sales in inventory, and (days' sales uncollected. (Do not round Intermediate calculations.) 1b. Identify the company you consider to be 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 Salin Iny 1A Days Sal Uncol Reg 16 For both companies compute the accounts (including notes) receivable turnover. Accounts Receivable Turnover Company Choose Numerator: I Choose Denominator: - Accounts Receivable Turnover Net sales Average accounts receivable net Accounts receivable turnover Barco _800.000 37,000= 21.6 times Kyan $ 920 200 60,400 - 15.2 times 1 Acideseti 2 How do we get this