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 $ 20,000 $ 32,000 Accounts receivable, net 37,400 53,400 Merchandise inventory 84,340 138,500 Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity 5,700 360,000 7,300. Cost of goods sold Interest expense Income tax expense Net income 592,100 642,500 9,100 17,000 14,600 24,327 144,192 197,373 305,400 Basic earnings per share 4.51 4.01 $ 507,440 $ 536,600 Cash dividends per share 3.74 3.96 $ 69,340 79,800 $91,300 111,000 160,000 246,000 198,300 88,300 $ 507,440 $ 536,600 Beginning of year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings $ 26,800 $ 54,200 59,600 111,400 398,000 412,500 160,000 246,000 173,788 85,759 Problem 17-5A (Algo) Part 2