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need help answering Summary information from the nancial statements of two companies competing in the same industry follows. Earco Kyan Barco Kyan Company Company Company

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Summary information from the nancial statements of two companies competing in the same industry follows. Earco 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 5700, 000 $801, 200 Cash 13 22,000 $ 36, 000 cost of goods sold 583,100 640,500 Accounts receivable, net 33,400 53,400 Interest expense 9,200 11,000 Current notes receivable (trade) 9,200 7,600 Income tax expense 14,992 24,[327 Merchandise inventory 94,640 130,500 Net income 167,703 205,373 Prepaid expenses 5,700 7,050 Basic earnings per share 3.99 4|.96 Plant assets, net 320,000 307,400 Cash dividends per share 3.73 4.02 Total assets $479,940 $543,950 I Beginning-of-year balance sheet data Liabilities and Equity Accounts receivable, net 3 23,600 $ 55,?00 Current liabilities $ 63,340 $ 95,300 Current notes receivable (trade) 0 0 Long-term notes payable 79,000 113,000 Merchandise inventory 65,600 105,}400 Common stock, $5 par value 210,000 206,000 Total assets 443,000 402,500 Retained earnings 121,300 134, 650 Common stock, $5 par value 210,000 206,]000 Total liabilities and equity $479,940 $543,950 Retained earnings 112,352 94,901 7 7 I Problem 13-5 Part 1 Required: 13. For both companies compute the (a) current ratio, [0) acidtest ratio, (c) accounts (including notes) receivable turnover, (cl) inventory turnover, (e) days' sales in inventory, and 0'] days' sales uncollected. (Do not round intermediate calculations.) 'lb. Identify the companyr you consider to be better shortterm credit risk. 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal Ratio Ratio Turn Turnover Inv Uncol Req 1B For both companies compute the accounts (including notes) receivable turnover. (c) Accounts Receivable Turnover Company Choose Numerator: 1 Choose Denominator: Accounts Receivable Turnover = Accounts receivable turnover Barco = 0 times Kyan 0 times1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal Ratio Ratio Turn Turnover Inv Uncol Req 1B For both companies compute the inventory turnover. (d) Inventory Turnover Company Choose Numerator: I Choose Denominator: Inventory Turnover 1 = Inventory turnover Barco 0 times Kyan 0 times

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