Chapter 13 Homework Savcd Required Information The folowing information applies to the questions displayed below. Summary information from the financial statements of two companies competing in the same Industry follows. Part 1 of2 3.33 areo urco Kyar Fari points Data from the current year end balance sheets Ast. ash Data fron the current year s incone statement S770, 000 S 879, 200 585, 100 , 500 10, 000 S 20, 500 34,000 Cost ot ods old 33, 100 , 400 51.0 Tereste 9, 000 14, 800 urret rotes receivable trade) Merchani se nory Prepaid expenses Plant assets, 1net Total asseta 8, Orcoe tax expense 81. 110 5, 200 13h. 50() Nel, rcene 161, 100205. 128 , 750 Basic earnings per share 4. 47 J. 75 350, 000 311.200 S 502, 94 549, 050 Cash dividends per share 4. 02 Print Begining of year balace sheel data ccounts receivahl net 28, 00 S 34.200 l.iabilities and Equity Curre liabilities Long-tern notes payahle onnon stock, $5 per value Retai eari lotal liabilities end equitr 8 1, 340 $ 96, 300 Currentnotes receivable trade Re erences 15,00 rhandise inventory 11. 500 100 3NE, 000 180,000 236, 000 141, 700 0, 23, 000 Total assets DI. HOC 549, 050 Retsined earnings gtock. SJ ar value 8 502,940 83, 066 Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts (ncluding notes) receivable turnover, (o) inventory turnover, (e) 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 Kyan Barco Kyan Barco Company Company Company Company Data from the current year-end balance sheets Asscts Cash Accounts receivable, net Current notes receivable (trade Merchandise inventory Prepaid expenses Plant assets, net Total assets Data from the current year' s income statement Salos Cost of goods sold Interest expense 770, 000 879, 200 585, 100 636. 500 10, 000 14, 80024,272 161, 100 208, 128 4. 42 1.02 S 20, 500 33, 400 9, 400 81, 110 5, 200 S34, 000 51, 400 136, 500 350, 000311,400 9, 000 8, 000 ncome tax expense Net incomc 7, 750Basic earnings per share 4. 47 3. 75 Cash dividends per share 502, 940 549, 050 Beginning-of-year balance sheet data Accounts receivable, net S 28, 800 51.200 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par vali Retained earnings Total liabilities and equity 71, 340 96, 300 Crrn notes receivable (trade) 83, 800 115, 000 Merchandise inventory 180, 000 236, 000 Total assets 167,800 101,750 Common stock, $5 par value 65, 600 388, 000 180, 000 111, 700 111,400 382, 500 236.000 83, 066 ue S 502, 940 S549, 050 Retained carnings Chapter 13 Homework 6 Saved 180, 000 236, 000 Total assets 167, 800101, 750 Co stock. $5 par value 502. 940 549.050 etained arnings Common stock. $5 par va le Retained earnings otal liabilities and cquity 388, 00) 180, 000 111, 700 382. 500 236.000 83, 066 Part 1 of 2 Required 1a. For both companies compute the (a) current ratio. ( acid-test ratio. (C) accounts (including notes) receivable turnover, ( ) inventory 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 3.33 points Complete this question by entering your answers in the tabs below eBook 1A Current1A Acid Test1A Acct Rec1A Invent Turnover 1A Days Sal in Inv 1A Days Sal Uncol Req 1B Ratio Ratio Turn Print For both companies compute the current ratio References Company Choose Numerator: Choose Denominator: Current Ratio - Current ratio 0 to 1 0 to 1 Barco Kyan K1A Current Ratio 1A Acid Test Ratio> Chapter 13 Homework i 180. 000 236, 000 Total 33ers .80001.omon stock. $5 por value 38, 0003, 500 10, D2J6, o00 141, 700 Ketained earninas otal liabilities and equity $302.940 549,050 KetEined earnings 83, 066 Part 1 of 2 Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, () accounts (including notes) receivable turnover, (cy inventory turnover, (e) 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 3.33 points Complete this question by entering your answers in the tabs below 1A Current 1A Acid Test 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Req 1B Inv Uncol Print For both companies compute the acid-test ratio. References Choose Numerator: Choose Denominator: - Acid-Test Ratio om Acid-test ratio 0 to 1 Barco 0 to 1 Kyan 1A Current Ratio 1A Acct Rec Turn> Chapter 13 Homework Saved Common slock, $5 par value Relained earnitngs Total liabilities an quity 180, 000236, 000 Tolal assels 167.800101. 750 Comon slock, $5 pur value 502,940 S549,05 Retaind carninzis 388, 000 180, 000 141, 700 382, 500 236,b00 83, 066 Part 1 of 2 Required 1a. For both companies compute the (a) current ratio, ( acid-test ratio, (c) accounts (including notes) receivable turnover, (a) inventory 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. 3.33 points Complete this question by entering your answers in the tabs below eBook 1A Current 1A Acid Test 1A Acct Rec1A Invet 1A Days Sa in A Days Sal Req 1B Ratio Ratio Turn Turnover Uncol Print For both companies compute the accounts (including notes) receivable turnover References Company Choose Numerator: Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover Barco 0 times Kyan 0 times Chapter 13 Homework G Saved Comon slock, a value Relained earnings 180, 000 236, 000 Tolal ussels 167,800101. 750 Common stock $5 par value 502,940 549, 050 Retained carnings 388, 000 180,000 111, 700 382, 500 236,000 83, 006 otal liabilities and equity Part 1 of 2 Requirec: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts (including notes) receivable turnover, (a) inventory turnover, (e) days' sales in inventory, and (j days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be better short-term credit risk. 3.33 points Complete this question by entering your answers in the tabs below eBook 1A Current Ratio 1A Acid Test1A Acct Rec 1A Invent Turnover 1A Days Sal in 1A Days Sal Uncol Req 1B Ratio Turn Print For both companies compute the inventory turnover. Inventory Turnover Choose Denominator: ReferencES Company Choose Numerator: - Inventory Turnover Inventory turnover Barco 0 times Kyan 0 times 1A Acct Rec Turn 1A Days Sal in Inv> Chapter 13 Homework Seved Common tock, $5 par value Retained carnings Tolal iabiliies a equity 180, 000 236, 000 Total asets 388, 000 180, 000 111, 700 382. 500 236, 000 83, 066 01. Common stock, $5 par value 502, 910 51, D5Reined earnins Part 1 of2 Required: 1a. For both companies compute the (a) current ratio, (b acid-test ratio, (c) accounts (including notes) receivable turnover, (o) inventory turnover, (e) 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 3.33 points Complete this question by entering your answers in the tabs below eBook 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec1A Invent 1A Days Sal in 1A Days Sal Uncol Req 1B Turn Turnover Print For both companies compute the days' sales in inventory. Days' Sales in Inventory References Company Choose Numerator: Choose Denominator: x Days Days Sales in Inventory Days' sales in inventory 0 days 0 days Barco Kyan 1A Invent Turnover 1A Days Sal Uncol Chapter 13 Homework G Saved Coo ck S ar valuc Retained earnings 180, 000 236, 000Tolal assets 67,8000750 Comon stock, S5 par value 388, 000 180, 000 141, 700 382, 500 236,000 83, 066 Total liabilities and equity 502. 910 S519,050 Retained earnings Part 1 of 2 Requirec 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts (including notes) receivable turnover, (o) inventory turnover, (e) 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. 3.33 points Complete this question by entering your answers in the tabs below elock 1A Current 1A Acld Test 1A Acct Rec 1A Invent 1A Days Sal In1A Days Sal Req 1B Turn Turnover Inv Uncol Ratio Ratio Print For both companies compute the days' sales uncollected Days' Sales Uncollected References CompanyChoose Numerator: Choose Denominator: x Days Days' Sales Uncollected Days' sales uncollected Barco days 0 days Kyan 1A Days Sal in Inv Req 1B > Chapter 13 Homework G Saved 83, 800 115, 000 rchandise invenory 65, 600 111, 400 388, 000332. 500 180, 000 236, 000 141, 700 Common stock, 85 per value Retained earin 180, 00236. 000 Total aasets 67,800 1, 750 Common sluck, 85 per value Retained earninns PILLTS 502, 910 $ 519.050 Total liabilities a equity 83, 066 Part 1 of 2 Required 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (d accounts (including notes) receivable turnover, ( turnover, (e) days' sales in inventory, anddays' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be better short-term credit risk 3.33 points inventory Complete this question by entering your answers in the tabs below eBoak 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec 1A Invent Turnover 1A Days Sal in nv 1A Days Sal Uncol Req 1B Print Identify the company you consider to be the better short-term credit risk References Better short-term credit risk 1A Days Sal Uncol Req 1B Chapter 13 Homework Savcd Required Information The folowing information applies to the questions displayed below. Summary information from the financial statements of two companies competing in the same Industry follows. Part 1 of2 3.33 areo urco Kyar Fari points Data from the current year end balance sheets Ast. ash Data fron the current year s incone statement S770, 000 S 879, 200 585, 100 , 500 10, 000 S 20, 500 34,000 Cost ot ods old 33, 100 , 400 51.0 Tereste 9, 000 14, 800 urret rotes receivable trade) Merchani se nory Prepaid expenses Plant assets, 1net Total asseta 8, Orcoe tax expense 81. 110 5, 200 13h. 50() Nel, rcene 161, 100205. 128 , 750 Basic earnings per share 4. 47 J. 75 350, 000 311.200 S 502, 94 549, 050 Cash dividends per share 4. 02 Print Begining of year balace sheel data ccounts receivahl net 28, 00 S 34.200 l.iabilities and Equity Curre liabilities Long-tern notes payahle onnon stock, $5 per value Retai eari lotal liabilities end equitr 8 1, 340 $ 96, 300 Currentnotes receivable trade Re erences 15,00 rhandise inventory 11. 500 100 3NE, 000 180,000 236, 000 141, 700 0, 23, 000 Total assets DI. HOC 549, 050 Retsined earnings gtock. SJ ar value 8 502,940 83, 066 Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts (ncluding notes) receivable turnover, (o) inventory turnover, (e) 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 Kyan Barco Kyan Barco Company Company Company Company Data from the current year-end balance sheets Asscts Cash Accounts receivable, net Current notes receivable (trade Merchandise inventory Prepaid expenses Plant assets, net Total assets Data from the current year' s income statement Salos Cost of goods sold Interest expense 770, 000 879, 200 585, 100 636. 500 10, 000 14, 80024,272 161, 100 208, 128 4. 42 1.02 S 20, 500 33, 400 9, 400 81, 110 5, 200 S34, 000 51, 400 136, 500 350, 000311,400 9, 000 8, 000 ncome tax expense Net incomc 7, 750Basic earnings per share 4. 47 3. 75 Cash dividends per share 502, 940 549, 050 Beginning-of-year balance sheet data Accounts receivable, net S 28, 800 51.200 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par vali Retained earnings Total liabilities and equity 71, 340 96, 300 Crrn notes receivable (trade) 83, 800 115, 000 Merchandise inventory 180, 000 236, 000 Total assets 167,800 101,750 Common stock, $5 par value 65, 600 388, 000 180, 000 111, 700 111,400 382, 500 236.000 83, 066 ue S 502, 940 S549, 050 Retained carnings Chapter 13 Homework 6 Saved 180, 000 236, 000 Total assets 167, 800101, 750 Co stock. $5 par value 502. 940 549.050 etained arnings Common stock. $5 par va le Retained earnings otal liabilities and cquity 388, 00) 180, 000 111, 700 382. 500 236.000 83, 066 Part 1 of 2 Required 1a. For both companies compute the (a) current ratio. ( acid-test ratio. (C) accounts (including notes) receivable turnover, ( ) inventory 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 3.33 points Complete this question by entering your answers in the tabs below eBook 1A Current1A Acid Test1A Acct Rec1A Invent Turnover 1A Days Sal in Inv 1A Days Sal Uncol Req 1B Ratio Ratio Turn Print For both companies compute the current ratio References Company Choose Numerator: Choose Denominator: Current Ratio - Current ratio 0 to 1 0 to 1 Barco Kyan K1A Current Ratio 1A Acid Test Ratio> Chapter 13 Homework i 180. 000 236, 000 Total 33ers .80001.omon stock. $5 por value 38, 0003, 500 10, D2J6, o00 141, 700 Ketained earninas otal liabilities and equity $302.940 549,050 KetEined earnings 83, 066 Part 1 of 2 Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, () accounts (including notes) receivable turnover, (cy inventory turnover, (e) 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 3.33 points Complete this question by entering your answers in the tabs below 1A Current 1A Acid Test 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Req 1B Inv Uncol Print For both companies compute the acid-test ratio. References Choose Numerator: Choose Denominator: - Acid-Test Ratio om Acid-test ratio 0 to 1 Barco 0 to 1 Kyan 1A Current Ratio 1A Acct Rec Turn> Chapter 13 Homework Saved Common slock, $5 par value Relained earnitngs Total liabilities an quity 180, 000236, 000 Tolal assels 167.800101. 750 Comon slock, $5 pur value 502,940 S549,05 Retaind carninzis 388, 000 180, 000 141, 700 382, 500 236,b00 83, 066 Part 1 of 2 Required 1a. For both companies compute the (a) current ratio, ( acid-test ratio, (c) accounts (including notes) receivable turnover, (a) inventory 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. 3.33 points Complete this question by entering your answers in the tabs below eBook 1A Current 1A Acid Test 1A Acct Rec1A Invet 1A Days Sa in A Days Sal Req 1B Ratio Ratio Turn Turnover Uncol Print For both companies compute the accounts (including notes) receivable turnover References Company Choose Numerator: Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover Barco 0 times Kyan 0 times Chapter 13 Homework G Saved Comon slock, a value Relained earnings 180, 000 236, 000 Tolal ussels 167,800101. 750 Common stock $5 par value 502,940 549, 050 Retained carnings 388, 000 180,000 111, 700 382, 500 236,000 83, 006 otal liabilities and equity Part 1 of 2 Requirec: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts (including notes) receivable turnover, (a) inventory turnover, (e) days' sales in inventory, and (j days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be better short-term credit risk. 3.33 points Complete this question by entering your answers in the tabs below eBook 1A Current Ratio 1A Acid Test1A Acct Rec 1A Invent Turnover 1A Days Sal in 1A Days Sal Uncol Req 1B Ratio Turn Print For both companies compute the inventory turnover. Inventory Turnover Choose Denominator: ReferencES Company Choose Numerator: - Inventory Turnover Inventory turnover Barco 0 times Kyan 0 times 1A Acct Rec Turn 1A Days Sal in Inv> Chapter 13 Homework Seved Common tock, $5 par value Retained carnings Tolal iabiliies a equity 180, 000 236, 000 Total asets 388, 000 180, 000 111, 700 382. 500 236, 000 83, 066 01. Common stock, $5 par value 502, 910 51, D5Reined earnins Part 1 of2 Required: 1a. For both companies compute the (a) current ratio, (b acid-test ratio, (c) accounts (including notes) receivable turnover, (o) inventory turnover, (e) 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 3.33 points Complete this question by entering your answers in the tabs below eBook 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec1A Invent 1A Days Sal in 1A Days Sal Uncol Req 1B Turn Turnover Print For both companies compute the days' sales in inventory. Days' Sales in Inventory References Company Choose Numerator: Choose Denominator: x Days Days Sales in Inventory Days' sales in inventory 0 days 0 days Barco Kyan 1A Invent Turnover 1A Days Sal Uncol Chapter 13 Homework G Saved Coo ck S ar valuc Retained earnings 180, 000 236, 000Tolal assets 67,8000750 Comon stock, S5 par value 388, 000 180, 000 141, 700 382, 500 236,000 83, 066 Total liabilities and equity 502. 910 S519,050 Retained earnings Part 1 of 2 Requirec 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts (including notes) receivable turnover, (o) inventory turnover, (e) 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. 3.33 points Complete this question by entering your answers in the tabs below elock 1A Current 1A Acld Test 1A Acct Rec 1A Invent 1A Days Sal In1A Days Sal Req 1B Turn Turnover Inv Uncol Ratio Ratio Print For both companies compute the days' sales uncollected Days' Sales Uncollected References CompanyChoose Numerator: Choose Denominator: x Days Days' Sales Uncollected Days' sales uncollected Barco days 0 days Kyan 1A Days Sal in Inv Req 1B > Chapter 13 Homework G Saved 83, 800 115, 000 rchandise invenory 65, 600 111, 400 388, 000332. 500 180, 000 236, 000 141, 700 Common stock, 85 per value Retained earin 180, 00236. 000 Total aasets 67,800 1, 750 Common sluck, 85 per value Retained earninns PILLTS 502, 910 $ 519.050 Total liabilities a equity 83, 066 Part 1 of 2 Required 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (d accounts (including notes) receivable turnover, ( turnover, (e) days' sales in inventory, anddays' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be better short-term credit risk 3.33 points inventory Complete this question by entering your answers in the tabs below eBoak 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec 1A Invent Turnover 1A Days Sal in nv 1A Days Sal Uncol Req 1B Print Identify the company you consider to be the better short-term credit risk References Better short-term credit risk 1A Days Sal Uncol Req 1B
