Problem 17-5A (Algo) Comparative ratio analysis LO P3 [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 Company Kyan Company Barco Company Kyan Company Data from the current year-end balance sheets Data from the current year's income statement Assets Sales $760,000 $881,200. Cash Accounts receivable, net Merchandise inventory $ 20,000 37,400 84,340 $ 32,000 53,400 138,500 Prepaid expenses Plant assets, net 5,700 360,000 7,300 305,400 Cost of goods sold Interest expense Income tax expense Net income 592,100 642,500 9,100 17,000. 14,608 24,327 144,192 197,373 Basic earnings per share 4.51 4.01 Current liabilities Total assets Liabilities and Equity Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 507,440 $ 536,600 Cash dividends per share 3.74 3.96 Beginning-of-year balance sheet data. $ 69,340 $91,300 Accounts receivable, net $ 26,800 $ 54,200 79,800 111,000 Merchandise inventory 59,600 111,400 160,000 246,000 Total assets 398,000 412,500) 198,300 88,300 Common stock, $5 par value 160,000 246,000 $ 507,440 $ 536,600 Retained earnings 173,788 85,759 Problem 17-5A (Algo) Part 1