Barco Kyan Barco Kyan Company Company Company Company Data from the current year-end Data from the current year's Income balance sheets statement Assets Sales Cashi $18,500 $ 34,000 Cost of goods sold $780,000 595,100 $882,200 644,500 Accounts receivable, net 38,400 53,400 Merchandise inventory 84,640 130,500 Prepaid expenses Plant assets, net 5,500 350,000 Total assets Liabilities and Equity Current liabilities. Long-term notes payable Common stock, $5 par value Retained earnings $ 497,040 7,150 308,400 $533,450 Interest expense Income tax expense Net income 3,600 14,000 14,992 24,355 161,308 199,345 Basic earnings per share 4.24 4.05 Cash dividends per share 3.76 3.93 $ 65,340 79,800 190,000 $ 95,300 105,000 246,000 Beginning-of-year balance sheet data. Accounts receivable, net Merchandise inventory $29,800 $52,200 59,600 111,400 Total assets 408,000 412,500 Total liabilities and equity 161,900 $497,040 87,150 $533,450 Common stock, $5 par value Retained earnings 190,000 246,000 143,472 81,161 Required: 18. For both companies compute the (a) current ratio, (b) acid-test ratio. (c) accounts receivable turnover, (d) Inventory turnover. (e) days sales in Inventory, and (5 days' sales uncollected. (Do not round Intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk termediate 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 Ratio 1A Acid Test 1A Acct Rec Ratio Turn 1A Invent Turnover 1A Days Sal in Inv 1A Days Sal Uncol 18 short term For both companies compute the current ratio. (a) Company Numerator: Barco Kyan Current Ratio Denominator: Current Ratio, Current ratio 0 to 1 10 to 1 < 1A Current Ratio 1A Acid Test Ratio > Complete this question by entering your answers in the tabs below. Ratio 1A Current 1A Acid Test 1A Acct Rec Ratio Turn 1A Invent Turnover Inv 1A Days Sal in 1A Days Sal Uncol 18 short term For both companies compute the acid-test ratio. (b) Company Barco Kyan Acid-Test Ratio Numerator Denominator Auid-Test Ratio Acid-test ratio <1a current ratio 1a acct rec turn> 0 to 1 Oto 1 1A Current 1A Acid Test Ratio Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in Inv 1A Days Sal Uncol 18 short term For both companies compute the accounts (including notes) receivable turnover. (0) Company Numerator: Barco Kyan Accounts Receivable Turnover Denominator: Accounts Receivable Turnover Accounts receivable turnover 0 times 0 times <1a acid test ratio 1a invent turnover> 1A Invent Turnover 1A Days Sal in 1A Days Sal 1B short term Inv Uncol 1A Current 1A Acid Test 1A Acct Rec Ratio Ratio: Turn For both companies compute the inventory turnover. (d) Company Numerator: Barco Kyan Inventory Turnover Denominator: < 1A Acct Rec Turn = = Inventory Turnover Inventory turnover 0 times 0 times 1A Days Sal in Inv >