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Saved mework Required information The following information applies to the questions displayed below. Summary information from the financial statements of two companies competing in the same industry follows. Barco Ryan Company Company Data from the current year-end balance sheets Assets Cash $ 19,eee $ 35,000 Accounts receivable, net 40,400 52,480 Merchandise inventory 84,640 142,500 Prepaid expenses 5,300 7.700 Plant assets, net 320,000 384,400 Total assets $469,340 $542,000 Barco Kyan Company Company Data from the current year's income statement Sales $760,000 $901,200 ost of goods sold 587,100 650, 500 Interest expense 7,500 16, cee Incone tax expense 14,608 24,879 Net income 150,792 209,821 Basic earnings per share 4.19 4.64 Cash dividends per share 3.81 3.93 Liabilities and Equity Current liabilities Long-term notes payable Common stock, 55 par value Retained earnings Total liabilities and equity 5 61, 348 591,300 84,800 115,000 180,000 226,000 143,200 109,700 $469,340 $542,000 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Conhon stock, 55 par value Retained earnings $ 31,800 $ 52.200 63,600 109,400 458,000 362, see 180,000 226,000 129,568 77.515 Required: 1o. For both companies compute the (a) current ratio. (b) acid-test ratio. (accounts receivable turnover (d) Inventory turnover. (e) days sales in inventory, and (days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk. Required information www. sales in Inventory, and (1days' 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 Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 1B short term For both companies compute the current ratio. (a) Company Choose Numerator: Current assets Barco Kyan Current Ratio Choose Denominator: Current liabilities $ Current Ratio = Current ratio = 1 to 1 61,340 91,300 = / $ to 1 BAR to search o