Help Save & Exit Sub (The following information applies to the questions displayed below Summary information from the financial statements of two companies competing in the same industry follows. Kyan Kyan Barco Company Company Data from the current year's income statement Sales Data from the current year-end balance sheets $788,090 $898,200 584,100 650,5e0 8,300 14,800 s 20,500 33,00 Cost of goods sold 36,480 51,400 Interest expense Cash Accounts receivable, net Current notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net 14,992 24,797 10,100 7,480 Income tax expense 172,608 208,903 4.79 4.84 3.78 84,440 132,500 Net income 5,600 7,250 Basic earnings per share 310,000 310,400 Cash dividends per share $467,840 $541,958 3.94 Total assets Beginning-of-year balance sheet data s30,800 $ 51,200 Accounts receivable, net Liabilities and Equity Current liabilities s 70,340 $ 92,300 Current notes receivable (trade) 85,800 111,000 Merchandise inventory 180,000 216,000 Total assets 130,900 122,650 Common stock, $5 par value 59,600 109,hee 418,000 372,500 180,000 216,600 Long-term notes payable Common stock, $5 par value Retained earnings 94,372 83,955 Total liabilities and equity $467,840 541,950 Retained earnings 78 of 8: Next > search