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please help! Required information The following information applies to the questions displayed below) Summary information from the financial statements of two companies competing in the

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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. Barce Ryan Company Company Data from the current year end balance sheets Assets Cath 5.27,000 $ 37,000 Accounts receivable.net 1,400 59,400 Merchandise Inventory 14.000 136,500 Prepaid expenses 7.500 Plant assets, net 330,000 100, 100 Total assets 1478,540 1546,00 6.200 Barco Kyan Company Company Data from the current year's income statement Sales $750,000 $911.200 Cost of goods sold 594,100 638/500 Interest expense 0.000 14.000 Incotax expense 14,992 25/155 Net Income 162,300 233,545 Basle earnings per share 4.27 Cash dividends per share 3.80 4.02 Beginning of year balance sheet data Accounts receivable, net $ 26,300 5 58200 Merchandise Inventory 50,000 109.400 Total assets 448,000 4130 Common stock, 35 par value 190,000 206.000 Retained earnings 13,497 635 3.61 Liabilities and ally Current lilities Long tere notes payable Con stock, 35 par value Metained earnings Total liabilities and equity $ 54,0 592,100 3,600 117,000 199,000 200.000 141,400 11.500 $478,540 3540,00 Required: 1a. For both companies compute the current ratio, (b) acid test ratio, accounts receivable turnover (inventory turnover (e) days Required information www.ruchy w pory roewe De CV CICOR OC Complete this question by entering your answers in the tabs below. IA Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Iny Uncol 18 short term For both companies compute the current ratio. (a) Company Choose Numerator Current Ratio Choose Denominator: Barco Kyan Current Ratio Current ratio to 1 to 1 1A Acid Test Ratio >

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