Problem 17-5A Comparative ratio analysis LO A1, 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. Kyan Company Company Company Compan Data from the current year-end balance sheets Data from the current year's income statement s 770,000 s 880,200 Sales 632,500 585.100 Cash 19,500 34,000 Cost of goods sold Accounts receivable, net 37400 57400 nterest expense 7900 13.000 Current notes recelvable (trade) 9.100 7.200 ncome tax expense 14.800 24,300 Merchandise Inventory 84,440 132,500 Net Income 162,200 210,400 Prepaid expenses 6.950 Basic earnings per share 4.51 5.11 304,400 Plant assets, net 290,000 542,450 Total assets $445,440 Beginning-of year balance sheet data Liabilities and Equity Accounts receivable, net 29,800 54,200 Current labilitles 61,340 s 93,300 Current notes receivable (trade) Long-term notes payable 80,800 101,000 Merchandise Inventory 55,600 107400 206,000 Total assets Common stock, $5 par value 382.500 180,000 398,000 Retained earnings 206,000 123.300 42,150 Common stock, $5 par value 180,000 542,450 Retained earnings Total liabilities and equity $445,440 98,300 93,600 References