Check my work 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 Assets Cash $ 20,000 $ 35,000 Accounts receivable, net 35, 400 53,400 Current notes receivable (trade) 9.500 8.400 Merchandise inventory 34,740 136,500 Prepaid expenses 5,700 7150 Plant assets, net 290,000 308,400 Total assets $445, 340 $548.850 Barco Kyan Company Company Data from the current year's income statement Sales $750,000 $878, 200 cost of goods sold 585, 100 630,500 Interest expense 8. 200 14.000 Income tax expense 14.509 24.44 Net income 152,092 209,456 Basic earnings per share 4.00 4.44 Cash dividends per share 3.73 3.95 $ 26,800 $ 50,286 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 68, 340 $ 99, 300 78.300 Y 101,000 190.000 230.000 108,200 112,550 $445, 340 $548,850 Beginning-of-year balance sheet data Accounts receivable, net Current notes receivable (trade) Merchandise inventory Total assets Common stock. 55 par value Retained earnings 59.500 448.000 190.000 97.848 111,00 412.500 236,000 89, 534 Problem 13-5 Part 1 Check my work Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, ( accounts (including notes) receivable turnover, () inventory turnover, (edays' 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. 16.66 points Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test Ratio 1A Act Rec Turn Ratio 1A Invent Turnover 1A Days Salin 1A Days Sal Uncel Reg 13 eBook For both companies compute the current ratio. Current Ratio Choose Denominator Company Chooto Numerator: Current Ratio Kyan 1A Acid Test Ratio > Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, ( accounts (including notes) receivable turnover, (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 16.66 points Complete this question by entering your answers in the tabs below. 8 US 1A Current Ratio IA Acid Test Ratio 1A Act Rec Tum 1A Inwent1A Days Salin Turnover in A Days Sal Reg 13 For both companies compute the acid-test ratio. ) Acid-Test Ratio Company Choose Numerator Choose Denominator: Acid-Test Ratio A Barco Kyan - PS + Required: 1a. For both companies compute the current ratio, (acid-test ratio, (accounts including notes) receivable turnover, (dh inventory turnover, le 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 16 66 points Complete this question by entering your answers in the tabs below. (8 023450 IA Acetec 1A Current Ratio A Add Test Ratio 1A Invent Turnover A Days Salin In 1A Days Sal Unicol Reg 1B eBook For both companies compute the accounts (including notes) receivable turnover. Company Choose Numerator: Accounts Receivable Turnover Choose Denominator - Accounts Receivable Turnover Accounts receivable turnover Barco Kyan ( 1A Acid Te Ratio 1A Invent Turnover > Check my work Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio. Id accounts (including notes) receivable turnover (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. 66 Complete this question by entering your answers in the tabs below. 3013438 1A Current 1A Acid Test Ratio 1A Acct Rec Turn 1 A Days Salin Ratio 1A Invent Turnover 1A Days Sal Uncol Reg 1B eBook For both companies compute the inventory turnover. (d) Inventory Turnover 1 Choose Denominator: Company Choose Numerator: Inventory Turnover Inventory turnover Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, id accounts (including notes) receivable turnover (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. 6.66 cints Complete this question by entering your answers in the tabs below. 8 013423 1A Current Ratio 1 Acid Test Ratio 1A Acct Rec Turn 1A Inwent Turnover 1A Days Salin Iny 1A Days Sal Uncol Reg 13 Book For both companies compute the days' sales in inventory. Days' Sales in Inventory Choose Denominator. x Company Choose Numerator: Days - Days' Sales in Inventory Days' sales in inventory Barco days ( 1A Invent Turnover IA Days Sal Uncol > Check my word Required: 1a. For both companies compute the current ratio, (b) acid-test ratio, id accounts (including notes) receivable turnover, 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 inventory 15.56 Complete this question by entering your answers in the tabs below A Days Salin IA Current Ratio LA Acid Test Ratio A Act Rec Tum 1A Invent Turnover A Days Sal Uncol Reg 13 For both companies compute the days' sales uncollected Days Sales Uncollected Choose Denominator Company Choose Numerator: Days - Days' Spes Un collected = Days' sales uncollected Barco Kyan ( IA Days Salin in Re 18 > Check my work Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c accounts (including notes) receivable turnover (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. 01:33:54 1A Current Ratio 1A Acid Test 1A Acct Rec Ratio 1A Invent Turnover A Days Salin Iny A Days Sal Uncol Reg 13 Book Identify the company you consider to be the better short-term credit risk. Pret Better short-term credt risk Sal Uncol Barco company Kyan company