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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
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 same industry follows. Barco Ryan Company Company Data from the current year-end balance sheets Assets Cash $ 20,500 $ 31,000 Accounts receivable, net 35,400 53,400 Merchandise inventory 84,340 130, 500 Prepaid expenses 5,500 7,550 Plant assets, net 300,000 311,400 Total assets $445,740 8533,850 Barco Kyan Company Company Data from the current year's income statement Sales $760,000 $910.200 Cost of goods sold 584,100 642,500 Interest expense 8,800 12,000 Income tax expense 14,608 25,128 Net income 152,492 230,572 Basic earnings per share 4.01 5.60 Cash dividends per share 3.75 3.94 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 69,340 S90,300 84,800 107.000 190,000 206,000 101,600 130.550 $445,740 $533,850 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total aseta Common stock, $5 par value Retained earnings $ 27,800 $ 57,600 113,400 448,000 412,500 190,000 206,000 91,608 62,306 Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, ( accounts receivable turnover, (a) inventory turnover. (e) days sales in Inventory, and ( days' sales uncollected. (Do not round Intermediate calculations.) 15. Identify the company you consider to be the better short-term credit risk. Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sat Saved Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 69,340 $ 90,300 84,800 107.000 190,000 206,000 101,600 130,550 $445,740 $533,850 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings $ 27,800 $ 51,200 57,600 113,400 448,000 412,500 190,000 206,000 91,600 62,306 quired: For both companies compute the (a) current ratio, (b) acid-test ratio, () accounts receivable turnover (inventory turnover. (e) day les in inventory, and (days' sales uncollected. (Do not round intermediate calculations.) Identify the company you consider to be the better short-term credit risk. Complete this question by entering your answers in the tabs below. 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn IA Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 10 short term For both companies compute the current ratio. (a) Company Choose Numerator: Current Ratio 1 Choose Denominator: Current Ratio Current ratio Barco Oto 1 0 to 1 Kyan 1A Aold Test Ratio > Step by Step Solution
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