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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 Company Company Data from the current year end balance sheets Assets Cash $ 22,000 $ 32.000 Accounts receivable, net 33,400 52,400 Merchandise inventory 84,840 132,500 Prepaid expenses 6,200 6,950 Plant assets, net 320,000 310,400 Total assets $466,440 $534,250 Harca Kyan Company Company Data from the current year's income statement Sales $780,000 $910, 200 Cost of goods sold 586,160 650500 Interest expense 3.100 18,000 Income tax expense 14,992 25 128 Net Income 170,000 216,572 Basic earnings per share 4.27 4.79 Cash dividends per share 3.76 3.97 Liabilities and Equity Current 11abilities Longtere notes payable Common stock, 55 par value Retained earnings Total liabilities and equity $ 63, 340 $101,300 81,800 115,000 200,000 220,000 121,300 91,950 5466,440 $54,250 Beginning of year balance sheet data Accounts receivable, net Merchandise Inventory Total assets Common stock, 55 par value Retained earning $ 30,000 5 54,200 55,600 113.400 405.000 392.500 200,000 226,000 109,092 54,822 Required: 1e. For both companies compute the (a current ratio. (b) acid-test ratio. ( accounts receivable turnover, (d) 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 18 short term For both companies compute the acid-test ratio. Acid Tent Ratio Company Choose Numerator: X Cash Net sales Current liabilities X Barco $ 22000 > > > + 5 33400 3 5200 Choose Denominator: Acid Test Ratio Current Kabilities = Acid-test ratio 5 to 1.0 63.340 1 5 to 101,300 0.9 1 Ako Windows Kyan 5 32.000 15 52.400 $ 6,950 Required: 1o. For both companies compute the (a) current ratio, (D) acid-test ratio, ( accounts receivable turnover, (inventory turnover, (e) days sales in inventory, and (7 days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover LA Days Salin IA Days Sal Thy Uncol 18 short term X For both companies compute the days' sales in inventory, (0) Days' Sales In Inventory Company Choose Numerator: Choose Denominator: Merchandise inventory Cost of goods sold X Barco $ 70.220 % / $ 586,100X Kyan $ 122.950 $ 650 500 X Days 365 365 365 Days Sales In Inventory Days' sales in inventory 43.7 days 69.0 days Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (caccounts receivable turnover, (a) inventory turnover, (e) sales in inventory, and (1) days' sales uncollected. (Do not round intermediate calculations.) 15. Identify the company you consider to be the better short-term credit risk. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. IB short term 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal Ratio Ratio Turn Turnover Iny Nncol For both companies compute the days' sales uncollected. (0) Company Choose Numerator: Current receivables, net $ 32,100 S 53,300 Days Sales Uncollected Choose Denominator: X Net sales WIX $ 780.000 X $ 910 200 X Days 365 = 365 365 Days' Sales Uncollected Days' sales uncollected 15.0 days 21.4 days Barco Kyan