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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. Barco Company Kyan Company Barco Company Kyan Company Data from the current year-end Data from the current year's balance sheets income statement Assets Sales Cash $ 19,000 Accounts receivable, net 34,400 Merchandise inventory 84,640 5,600 290,000 $433,640 $ 552,450 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 7,150 Cost of goods sold Interest expense Income tax expense Net income Basic earnings per share Cash dividends per share Beginning-of-year balance sheet Accounts receivable, net data $ 71,340 83,800 $ 95,300 09,000 226,000 132,150 220,000 58,500 $ 433,640 $ 552,450 Merchandise inventory Total assets Common stock, $5 par value Retained earnings $760,000 $ 886, 200 $ 36,000 591,100 638,500 58,400 7,500 17,000 138,500 14,608 24, 465 146,792 312,400 3.34 206,235 4.56 3.77 3.99 220,000 77, 588 $ 29,800 63,600 $ 53,200 109, 400 448,000 362,500. 220,000 106, 263
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