IThe following information applies to the questions displayed below.J Summary Information from the financial statements of two companies competlng In the same Industry follows. Company Company Company Company Data from the current year-end balance sheets Data from the current year's income statement 880,200 770,000 Assets Sales 632,500 585100 19,500 34,000 Cost of goods sold Cash 37,400 57,400 Interest expense 7900 13,000 Accounts receivable, net Current notes receivable (trade) 9100 7,200 ncome tax expense 14.800 24.300 Merchandise Inventory 84,440 132,500 Net Income 162,200 210,400 Prepaid expenses 5.000 6.950 Basic earnings per share 4.51 5.11 304.400 Plant assets, net 290,000 Cash dividends per share 3.81 3.93 542,450 Total assets 445,440 Beginning-of-year balance sheet data 29,800 54,200 Liabilities and Equity Accounts recelvable, net 61,340 93,300 Current liab ties Current notes recelvable (trade) 55,600 107,400 382,500 398,000 Long-term notes payable 80,800 101,000 Merchandise Inventory 206,000 180.000 Common stock, $5 par value Total assets 206,000 142,150 Common stock, $5 par value Retained earnings 123,300 180.000 542,450 Retained ear Total abilities and equity 445,440 98,300 93,600 nings