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 Barco Kyan Company Company Data from the current year-end balance sheets Assets Data from the current year's income statement Sales $ 18,500 $ 34,000 591,100 $810,000 $901,200 638500 9,300 15,000 Cash 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 37,400 54,400 84,740 140,500 6,100 7,300 370,000 309,400 $516,740 $545,600 $ 62,340 $91,300 84,800 111,000 160,000 206,000 209,600 137,300 $516,740 $545,600 Cost of goods sold Interest expense Income tax expense Net income 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 15,569 24879 194,031 222,821 6.06 $.41 3.71 3.96 $ 25,800 $56/200 55,600 109,400 458,000 362,500 160,000 206,000 134,289 77 631