PG Campus B Competency Assessment - Homework Help - Q&A fro X 21518808 (1536x1124) > MT482M1_Checklist_Rubric x Sia - Never Give Up (fr+ C D coursehero.com/qa/attachment/21518808/?_chid-05234606-9b35-4199-8eb1-c3582fb37456 CASE 1-3 Comparative Analysis: Credit and Equity Analysis Two companies competing in the same industry are being evaluated by a bank that can lend money to only one of them. Summary information from the financial statements of the two companies follows: Type here to search Datatech Sigma Company Company Datatech Sigma Company Company Data from the current year-end balance sheet: Assets .. Data from the current year's income statement: Sales..... $660,000 $780,200 Cash..... $18,500 $ 33,000 Cost of goods sold ... 485,100 532,500 Accounts receivable, net ..... Notes receivable (trade) 36,400 56,400 Interest expense 6,900 11,000 8,100 6,200 Income tax expense 12,800 19,300 Merchandise inventory ...... Prepaid expenses 83,440 131,500 131,500 Net income 67,770 105,000 4,000 5,950 Basic earnings per share.... 1.94 2.56 Plant and equipment, net 284,000 303,400 Total assets $434,440 $536,450 Datatech Sigma Company Company Beginning-of-year data: Datatech Company Company Sigma Page 62 Liabilities and Stockholders' Equity Current liabilities ....$ 60,340 $ 92,300 Long-term notes payable...... 79,800 Common stock, $5 par value... 175,000 Retained earnings. 100,000 205,000 Accounts receivable, net ......$28,800 $ 53,200 Notes receivable (trade)....... 0 Merchandise inventory........ 54,600 Total assets .... 0 106,400 388,000 372,500 119,300 139,150 Total liabilities and equity Common stock, $5 par value... 175,000 $434,440 $536,450 Retained earnings 94,300 205,000 90,600 W 93F Mostly sunny ENG EJ 4:32 PM 9/9/2021 M 19