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 Company yan Company Data from the current year-end balance sheets Assets Canh Accounts receivable, net Merchandise inventory Trepaid expenses Plant assets, het Total asset Liabilities and Equity Current librities tong-term notes payable Common stock, 5 par value Metained earning Total Habilities and equity Barco Kyan Company Company Data from the current year's Income statement Sales $ 18,000 $ 37,000 Coat of goods sold 36,400 56,400 Interest expense 84,640 138,500 Theone tax expense 5,600 7.050 Net income 280,000 312,400 Base earnings per whare 3424,640 551,350 Cash dividende per share Beginning-of-year balanc sheet data $ 62,340 $ 95,300 Accounts receivable, net 86.000 105,000 Merchandise inventory 210,000 246.000 Total este 60.500 105,050 Connon stook. 65 par value 5424,640 551,350 Retained earning $.810,000 $900,200 594,100 632,500 8,400 16,000 15,569 24,052 191,931 226,849 4.57 4.61 3.70 4.0) $ 26,00 55,600 400,000 210,000 23.969 $ 51,200 117.400 392.500 246,000 76,470 Required: 1a. For both companies compute the () current ratio, (b) acid-test ratio, (daccounts receivable turnover (d inventory turnover (c) days! sales in inventory, and (days' sales uncollected. (Do not round Intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk. Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turn 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 1A Acct Rec Turn 1A Invent Turnover 1A Days Salin Inv 1A Days Sal Uncol 1B short term For both companies compute the current ratio. Current Ratio Denominator: Company Numerator: Current Ratio Current ratio oto 1 Barco / Kyan # O to 1 Required: 10. For both companies compute the (a) current ratio. (b) acid-test ratio, (c) accounts receivable turnover, (a) inventory turnover, (e) days' sales in inventory, and (7 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. 1 short term 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Salin 1A Days Sal Ratio Ratio Turn Turnover Iny Uncol For both companies compute the acid-test ratio. (6) Acid-Tont Ratio Company Numerator Cash Short-term investments Current receivables Barco $ 18,000 Kyan $ 37,000 - Donominator Current liabilities Acid-Test Ratio Acid-test ratio Oto 1 Oto 1 4 Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover (ch inventory turnover (e) day sales in inventory, and (days' sales uncollected. (Do not round Intermediate calculations.) 15. Identify the company you consider to be the better short-term credit risk. Complete this question by entering your answers in the tabs below. Ratio 1A Current 1A Acid Test 1A Acct Rec 1A Invent A Days Salin 1A Days Sal 13 short term Ratio Turn Turnover Irw Uncol For both companies compute the accounts (Including notes) receivable tumover. (e) Accounts Recevable Tumover Company Numerator: Denominator: Accounts Receivable Turnover Accounts receivable tumover Barco 0 times O times Kyan 1 Required: 1a. For both companies compute the (6) current ratio, (b) acid-test ratio, ( accounts receivable turnover (inventory turnove sales in Inventory, and () days' sales uncollected. (Do not round Intermediate calculations.) 16. 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 1A Acid Test 1A Acct Rec IA Invent 1A Days Salin 1A Days Sal 18 short term Ratio Ratio Turn Turnover Inv Uncol For both companies compute the inventory turnover. (d) Inventory Turnover Company Numerator Denominator: Inventory Turnover Inventory turnover Barco O times Kyan 0 times II Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, () accounts receivable turnover (inventory turnover (e) days' sales in Inventory, and (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. Ratio 13 short term 1A Current 1A Acid Test 1A Acct Rec 1A Tnvent 1A Days Salin 1A Days Sal Ratio Turn Turnover ind Uncol For both companies compute the days' sales in Inventory. lo) Days Sales In Inventory Company Numerator Denominator Days Days Sales In Inventory Days' sales in inventory o days o days Barco Kyan Required: 1a. For both companies compute the (a) current ratio, () acid-test ratio, (c) accounts receivable turnover (ch inventory turnove sales in inventory, and (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. 1B short term iny Ancol 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Salin 1A Days Sal Ratio Ratio Turn Turnover For both companies compute the days' sales uncollected. Rayx Sales Uncollected Company Numerator: Denominator: Days x Days' Sales Uncollected Days' sales uncollected o days 0 days 1 Barco Kyan 1 Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, ( inventory 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 1A Acid Test 1A Acct Rec Ratio Turn 1A Invent 1A Days Salin 1A Days Sal 1B short term Turnover Uncol Ratio Inv Identify the company you consider to be the better short-term credit risk. Better short-term credit risk