Barco Company Kyan Company 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 Data from the current year's income statement $ 19,500 $33,000 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current liabilities: Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity 36,400 55,400 85,040 134,500 5,100 360,000 $506,040 $540,400 $ 66,340 $ 96,300 85,800 200,000 103,000 226,000 153,900 115,100 $506,040 $540,400 Sales Cost of goods sold Interest expense Income tax expense Basic earnings per share Cash dividends per share Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings $780,000 $909,200 591,100 650,500 8,700 18,000 14,992 25,100 7,100 310,400 Net income 165,208 215,600 4.13 4.77 3.70 4.00 $ 26,800 $54,200 59,600 117,400 388,000 422,500 200,000 226,000 136,692 80,300