Kyan Company Cash Barco Kyan Company Company Data from the current year end balance sheets Assets $ 18,500 $ 32,000 Accounts receivable, net 39, 400 56, 400 Current notes receivable (trade) 9,500 8,400 Merchandise inventory 84,940 140,500 Prepaid expenses 5, 600 7,800 Plant assets, net 300,000 307, 400 Total assets $457,940 $552, 500 Barco Company Data from the current year's income statement Sales $770,000 Cost of goods sold 587, 100 Interest expense 8,000 Income tax expense 14, 800 Net income 160, 100 Basic earnings per share 3.81 Cash dividends per share 3.80 $925, 200 652,500 13,000 25,542 234, 158 4.96 4.00 $ 51,200 Li abilities and Equity Current liabilities $ 66,340 Longterm notes payable 81, 800 Common stock, $5 par value 210,000 Retained earnings 99, 800 Total liabilities and equity $457,940 $ 92,300 115,000 236,000 109, 200 $552,500 Beginning of year balance sheet data Accounts receivable, net Current notes receivable (trade) Merchandise inventory Total assets Common stock, $5 par value Retained earnings $ 27,800 0 61,600 428,000 210,000 99, 300 113, 400 392,500 236,000 63, 842 quired: For both companies compute the (a) current ratio. (b) acid-test ratio. (c) accounts including notes) receivable tumover, (d) inventory nover, (e) days' sales in inventory, and (1 days' sales uncollected. (Do not round Intermediate calculations.) Identify the company you consider to be better short-term credit risk. Complete this question by entering your answers in the tabs below. Current 1A Acid 1A Acct 1A Invent 1A Days 1A Days Ratio Test Ratio Rec Turn Turnover Sal in Inv Reg 1B Sal Uncol or both companies compute the current ratio. (a) Current Ratio Choose Current Choose Denominator: Ratio Current Current assets Current liabilities ratio irco $ 157,94071 $ 66,340 = 2.4 to an $ 245,1007 $ 92,300 = | mpany Numerator: 2.7 to