! Required information [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 Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 18,500 $ 31,000 Accounts receivable, net 37,400 53,400 Merchandise inventory 84,440 142,500 Prepaid expenses 6,100 7,000 Plant assets, net 350,000 312,400 Total assets $496,440 $546,300 Barco Kyan Company Company Data from the current year's income statement Sales $790,000 $916,200 Cost of goods sold 590,100 642,$00 Interest expense 9,000 15,000 Income tax expense 15,185 25, 294 Net income 175,715 233,406 Basic earnings per share 4.39 4.95 Cash dividends per share 3.81 4.01 | Beginning-of-year balance sheet data Accounts receivable, net $ 25,800 $ 52,200 Merchandise inventory 59,600 111,400 Total assets 438,000 362,$00 Common stock, $5 par value 200,000 236,000 Retained earnings 122,985 64,866 Liabilities and Equity Current liabilities $ 63, 340 $ 94,300 Long-term notes payable 86,800 107,000 Common stock, $5 par value 200,000 236,000 Retained earnings 146,300 109,000 Total liabilities and $496,440 $546,300 equity Required: Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (c) inventory turnover, (e) days' sales in inventory, and (1) days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk. Complete this question by entering your answers in the tabs below. 1A Current Ratio 1A Acid Test Ratio 1B short term 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in Iny 1A Days Sal Uncol For both companies compute the current ratio. Current Ratio (a) Company Choose Numerator: Current Ratio I Choose Denominator: Current ratio - to 1 7 Barco to 1 1 Kyan A Current Ratio 1A Acid Test Ratio > Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (c) inventory turnover, (e) days' sales in inventory, and (6 days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk. Complete this question by entering your answers in the tabs below. 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in Inv 1B short term 1A Days Sal Uncol For both companies compute the acid-test ratio. Acid-Test Ratio (b) Company Choose Denominator: Choose Numerator: = Acid-Test Ratio Acid-test ratio 11 + + to 1 + / + Barco / to 1 + + Kyan Complete this question by entering your answers in the tabs below. 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days al in Inv. 1A Days Sal Uncol 1B short term For both companies compute the accounts (including notes) receivable turnover. (c) Accounts Receivable Turnover Company Choose Numerator: Choose Denominator: Accounts Receivable Turnover Accounts receivable turnover times Barco times Kyan Complete this question by entering your answers in the tabs below. 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 1B short term For both companies compute the inventory turnover. (d) Inventory Turnover Company Choose Numerator: 1 Choose Denominator: Inventory Turnover Inventory turnover 1 II 1 Barco - times Kyan 1 times = Complete this question by entering your answers in the tabs below. 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in Inv 1A Days Sal Uncol 1B short term For both companies compute the days' sales in inventory. (e) Company Choose Numerator: Days' Sales in Inventory | Choose Denominator: X 7 Days x = Days' Sales in Inventory = Days' sales in inventory days days IT / Barco II Kyan Complete this question by entering your answers in the tabs below. 1A Current Ratio 1A Acct Rec Turn 1A Acid Test Ratio 1A Invent Turnover 1A Days Sal in Inv 0000000 1A Days Sal Uncol 1B short term For both companies compute the days' sales uncollected. Days' Sales Uncollected (1) CompanyChoose Numerator: Choose Denominator: x Days Days' Sales Uncollected = Days' sales uncollected X days Barco days Kyan 1B short term >