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. Barco Company Kyan Company Barco Kyan Company Company Data from the current year-end balance sheets Assets Data from the current year's income statement Sales $770,000 $884,200 Cash $ 18,500 $ 35,000 Accounts receivable, net 36,400 Merchandise inventory Prepaid expenses Plant assets, net Total assets 84,840 5,200 280,000 56,400 130,500 Cost of goods sold Interest expense 592,100 8,700 640,500 15,000 Income tax expense 14,800 24,410 6,950 Net income 154,400 204,290 304,400 3.68 4.52 3.79 4.00 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $424,940 $533,250 $ 70,340 $ 97,300 81,800 107,000 210,000 226,000 62,800 102,950 $424,940 $533,250 Basic earnings per share Cash dividends per share Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings $ 30,800 $ 57,200 61,600 107,400 388,000 392,500 210,000 226,000 67,580 79,460