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Required information Problem 17-5A Comparative ratio analysis LO P3 [The following information applies to the questions displayed below.] Summary information from the financial statements
Required information Problem 17-5A 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. Cash Barco Company Kyan Company Barco Company Company Kyan Data from the current year-end balance sheets Assets Data from the current year's income statement Sales $770,000 $884,200 $ 18,500 $ 35,000 36,400 56,400 84,840 5,200 280,000 $424,940 $533,250 Cost of goods sold Interest expense Income tax expense Basic earnings per share Cash dividends per share 592,100 640,500 8,700 15,000 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 Total liabilities and equity 130,500 6,950 Net income 304,400 $ 70,340 $ 97,300 81,800 210,000 62,800 $424,940 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets 107,000 226,000 102,950 $533,250 Common stock, $5 par value Retained earnings 14,800 24,410 154,400 204,290 3.68 4.52 3.79 4.00 $ 30,800 $57,200 61,600 107,400 388,000 392,500 210,000 226,000 67,580 79,460
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