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Required information Problem 13-5A (Algo) Comparative ratio analysis LO P3 The following information applies to the questions displayed below.] Summary information from the financial
Required information Problem 13-5A (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. Data from the current year- end balance sheets Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Barco Company Company Kyan Barco Company Kyan Company Data from the current year's income statement Sales $810,000 $ 885, 200 $ 22,000 40, 400 $ 33,000 Cost of goods sold 55,400 Interest expense 593,100 9,100 636,500 19,000 138,500 Income tax expense 15,569 24,438. 7,700 Net income 192,231 205,262 310,400 5.34 4.98 3.79 4.00 84,940. 5,300 350,000 Basic earnings per share $ 502,640 $545,000 Cash dividends per share $ 62,340 81,800 180,000 $ 91,300 107,000 206,000 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets $ 27,800 63,600 $ 53,200 105,400 378,000 382,500 178, 500 140, 700 Common stock, $5 par value 180,000 206,000 122,709 100, 238 Total liabilities and equity $ 502,640 $545,000 Retained earnings
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