Required information Skip to question [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 balance sheets Data from the current years income statement Assets Sales $ 790,000 $ 880,200 Cash $ 21,000 $ 37,000 Cost of goods sold 592,100 644,500 Accounts receivable, net 39,400 57,400 Interest expense 7,800 18,000 Merchandise inventory 84,940 134,500 Income tax expense 15,185 24,300 Prepaid expenses 5,900 7,800 Net income 174,915 193,400 Plant assets, net 330,000 308,400 Basic earnings per share 5.47 4.48 Total assets $ 481,240 $ 545,100