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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 Data from the current year's balance sheets income statement Assets Sales $ 770,000 $922,200 Cash $ 20,500 $ 30,000 Cost of goods sold 586, 100 650, 500 Accounts receivable, net 37,400 55,400 Interest expense 8,200 15,000 Merchandise inventory 84,940 136,500 Income tax expense 14,800 25,459 Prepaid expenses 5,500 7.150 Net income 160,900 231,241 plant assets, net 300,000 310,400 Basic earnings per share 3.83 4.70 Total assets $ 448,340 $ 539,450 Cash dividends per share 3.76 3.98 Liabilities and Equity Beginning-of-year balance sheet data Current liabilities $ 67,340 $ 94,300 Accounts receivable, net $ 26,800 $ 51,200 Long-term notes payable 80,800 103,000 Merchandise inventory 53,600 109,400 Common stock, $5 par value 210,000 246,000 Total assets 378,000 382,500 Retained earnings 90,200 96, 150 Common stock, $5 par value 210,000 246,000 Total Liabilities and equity $ 448,348 5 539,450 Retained earnings 87.220 60,725 Required: 1a. For both companies compute the () current ratio, (b) acid-test ratio, la accounts receivable turnover, (a) 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. 1A Current Ratio 1A Acid Test Ratio 1A Act Rec Tum 1A Invent Turnover IA Days Salin 1A Days Sal Iny Uncol 13 short term For both companies compute the acid-test ratio. Acest Ratio (b Company Cash Barco $ Kyan S Numerator Short-term investments . Denominator Current liabilities $ Current receivables 37.400 55,400 Acld Test Ratio Acid-test ratio 0.9 to 1 0.9 0 1 20.500 30.000 67.340 94,300 5 ( 1A Current Ratio 1A Acet Ret Turn 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Iny Uncol 1B short term For both companies compute the accounts (including notes) receivable turnover. Company Numerator: Net sales Accounts. Recolvable Turnovor Denominator Average accounts receivable, net Accounts Receivable Turnover Accounts receivable turnover o times Barco 1 Kyan O times 1A Current IA Acid Test 1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal 10 short term Ratio Ratio Tum Turnover Inv Uncol For both companies compute the inventory turnover. (d) Inventory Turnover Company Numerator: Denominator Inventory Turnover Inventory turnover Barco 0 times Kyan / o times = TE 18 short term 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal Ratio Ratio Turn Turnover Inv Uncol For both companies compute the days' sales in inventory (0) Dayn' Sales In Inventory Company Numerator Denominator: Days X Days' Sales in Inventory Days' sales in inventory o days o days 1 x Barco Kyan X 1B short term 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal Ratio Ratio Tum Turnover Inv Uncol For both companies compute the days' sales uncollected. Days Sales Uncollected Denominator Company Numerator: Days Days' Sales Uncollected Days' sales uncollected 0 days O days 11 1 Barco Kyan XX 1 nces 1A Acct Rec 1A Current Ratio 1A Acid Test Ratio 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 1B short term Turn Identify the company you consider to be the better short-term credit risk. Better short-term credit risk 1A Days Sal Uncol 10 ore