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I will venmo anyone who answers this correctly. please help Required information [The following information applies to the questions displayed below.) Summary information from the
I will venmo anyone who answers this correctly. please help
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 Kyan Barco Kyan Company Company Company Company Data from the current year-end balance sheets Data from the current year's income statement Assets Sales Cash $ 33,000 $18,000 35,400 $790,000 $896,200 590,100 636,500 Cost of goods sold Interest expense Accounts receivable, net 57,400 9,100 12,000 142,500 Income tax expense 15,185 24,741 Merchandise inventory Prepaid expenses Plant assets, net 84,940 5,700 7,800 Net income 175.615 222,959 360,000 304,400 Basic earnings per share 4.18 4.72 Total assets $504,040 $ 545,100 Cash dividends per share 3.75 3.94 Beginning-of-year balance sheet data Accounts receivable, net $ 20,000 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value $ 64,340 $ 97,300 79,800 210,000 $55.200 107,400 Merchandise inventory 59,600 Total assets 398,000 412.500 113,000 236,000 98,800 $504,040 $545,100 236,000 149,900 210,000 Common stock, $5 par value Retained earnings 61.809 131,785 Retained earnings Total liabilities and equity Required: 1a. 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 ( days' 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 Invent 1A Acct Rec Turnover Turn 1A Current 1A Acid Test Ratio Ratio 1A Days Sal in 1A Days Sal 18 short term Uncol Inv Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test 1A Acct Rec Ratio Ratio 1A Invent Turnover 1A Days Sal in Inv 1A Days Sal Uncol Turn For both companies compute the current ratio. (a) Current Ratio Company Numerator: Barco Kyan Denominator: 1A CHANSHERIA 18 short term Current Ratio Current ratio to 1 # to 1 1A Acid Test Ratio > per Ahare 4.18 4.72 Total assets $504,040 $ 545,100 Canh dividends per share 3.75 1.94 Beginning-of-year balance shoot data Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings $28,800 $ 55,200 $ 64,340 79,800 210,000 149,900 $ 97,300 113,000 236,000 Accounts receivable, net Merchandise inventory Total assets. 59,400 107,400 398,000 412.500 98,800 210,000 236,000 Total liabilities and equity Common stock, $5 par value Retained earnings 504,040 545,100 131,785 61,009 Required: 1a. 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 ( days' 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 A Acid Test 1A Acct Rec Ratio Ratio Turn 1A Invent 1A Days Sal in 1A Days Sal Turnover Inv 18 short term Uncol For both companies compute the acid-test ratio. Acid-Test Ratio (b) Acid-Test Ratio Numerator: Company + Acid-test ratio to 1 Barco to 1 . Kyan + + 23 of 3 # Next > 59,600 107,400 Total asseta Retained earnings 398,000 412,500 436,000 149,900 98,800 $504,040 $ $45,100 210,000 236,000 Total liabilities and equity Common stock, $5 par value Retained earnings 131,785 61,809 Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (d) accounts receivable turnover, (d) inventory turnover, (e) c 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. Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test 1A Acct Rec 1A Invent Ratio LA Days Sal in 1A Days Sal Uncal 18 short term Ratio Turn Turnover Inv For both companies compute the accounts (including notes) receivable turnover. (c) Accounts Receivable Turnover Denominator: Company Numerator: Accounts Receivable Turnover M Accounts receivable turnover times times Barco Kyan Prov 2 3 of 3 Next > Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test 1A Acct Rec Ratio 1A Invent Turnover 1A Days Sal in Inv 1A Days Sal Uncol Ratio Turn For both companies compute the inventory turnover. (d) Inventory Turnover Company Numerator: Denominator: H Inventory Turnover H Inventory turnover Barco times Kyan times 1B short term Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test Ratio Ratio 1A Acct Rec Turn 1A Invent 1A Days Sal in 1A Days Sal 18 short term Turnover Inv Uncol For both companies compute the days' sales in inventory. Days Sales in Inventory Denominator: Company Numerator: Days # = Barco Kyan Data from the current year's Data from the current year-end balance sheets income statement Assets Sales Cash $ 18,000 $ 33,000 Cost of goods sold Accounts receivable, net 35,400 57,400 Interest expense Merchandise inventory 142,500 Income tax expense 84,940 5,700 7,800 Net income Prepaid expenses Plant assets, net 360,000 304,400 Basic earnings per share Total assets $504,040 $ 545,100 Cash dividends per share Liabilities and Equity Beginning-of-year balance sheet data $ 64,340 $ 97,300 79,800 113,000 Accounts receivable, net Merchandise inventory Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings 236,000 Total assets 210,000 149,900 98,800 2 Common stock, $5 par value Retained earnings. 1. Total liabilities and equity $504,040 $ 545,100 equired: a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inver sales in inventory, and ( days' sales uncollected. (Do not round intermediate calculations.) b. 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 1A Acid Test 1A Acct Rec Ratio 1A Invent 1A Days Sal in Turnover Inv 1A Days Sal Uncol 18 short term Ratio Turn For both companies compute the days' sales uncollected. (f) Company Numerator: Days Barco Kyan 1B short term > Days' Sales Uncollected Denominator: X Step by Step Solution
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