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 Barco Kyan Company Company Company Company Data from the current year-end balance sheets Data from the current year's income statement Assets Sales $780,000 $924,200 Cash Cost of goods sold 586,100 646,500 Accounts receivable, net $ 21,500 $32,000 33,400 59,400 130,500 Interest expense 8,300 15,000 Merchandise inventory 84,440 14,992 25,514 Income tax expense Net income 5,800 7,750 170,608 237,186 Prepaid expenses Plant assets, net Total assets 350,000 306,400 Basic earnings per share 4.27 5.76 $495,140 $536,050 Cash dividends per share 3.77 3.95 Liabilities and Equity Current liabilities $ 68,340 $ 95,300 $ 31,800 $ 51,200 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total anseta 61,600 107,400 Long-term notes payable Common stock, $5 par value 78,800 113,000 200,000 206,000 148,000 121,750 418,000 392,500 Retained earnings Common stock, $5 par value 200,000 206,000 Total liabilities and equity $495,140 $536,050 Retained earnings 128, 192 47,304 Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) 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. 1A Current 1A Acid Test 1A Acct Rec Ratio Ratio 1A Invent 1A Days Sal in 1A Days Sal Turnover Inv Uncol 18 short term Turn For both companies compute the current ratio. Company Choose Numerator: Barco Kyan Current Ratio Choose Denominator: 1 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 Barco Kyan Company Company Company Company Data from the current year-end balance sheets Assets Data from the current year's income statement Sales $780,000 $924,200 Cash $ 21,500 $ 32,000 586,100 646,500 Cost of goods sold Interest expense Accounts receivable, net 8,300 15,000 33,400 84,440 5,800 59,400 130,500 Income tax expense 7,750 Net income Merchandise inventory Prepaid expenses Plant assets, net 14,992 25,514 170,608 237,186 4.27 350,000 306,400 Basic earnings per share 5.76 Total assets $495,140 $536,050 Canh dividends per share 3.77 3.95 Liabilities and Equity Current liabilities Beginning-of-year balance sheet data Accounts receivable, net $68,340 $ 95,300 Long-tern notes payable 78,800 113,000 Merchandise inventory Common stock, $5 par value 200,000 206,000 Total assets $ 31,800 $ 51,200 61,600 107,400 418,000 392.500 200,000 206,000 128,192 47,304 Retained earnings 148,000 121,750 Common stock, $5 par value Total liabilities and equity $495,140 $536,050 Retained earnings Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) 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. 1A Current 1A Acid Test 1A Acct Rec Ratio Ratio 1A Invent 1A Days Sal in 1A Days Sal Turnover Inv 18 short term Turn Uncol For both companies compute the acid-test ratio. (b) Acid-Test Ratio Company Choose Denominator: = Acid-Test Ratio Acid-test ratio 0 to 1 Barco Kyan 0 to 1 1A Acct Rec Turn > Choose Numerator: 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 Barco Kyan Company Company Company Company Data from the current year-end balance sheets Assets Data from the current year's income statement Sales $780,000 $924,200 Cash $ 21,500 $32,000 Cost of goods sold 586,100 646,500 15,000 Accounts receivable, net 33,400 Interest expense 8,300 59,400 130,500 84,440 14,992 25,514 Income tax expense Net income 5,800 7,750 170,608 237,186 Merchandise inventory Prepaid expenses Plant assets, net Total assets 350,000 306,400 Basic earnings per share 4.27 5.76 $495,140 $536,050 Cash dividends per share 3.77 3.95 $ 31,800 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory $ 51,200 $68,340 $ 95,300 78,800 113,000 200,000 206,000 61,600 418,000 200,000 107,400 392,500 Total assets Retained earnings 148,000 121,750 Common stock, $5 par value 206,000 Total liabilities and equity $495,140 $536,050 Retained earnings 128, 192 47,304 Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) 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. 1A Current Ratio 1A Acid Test 1A Acct Rec Ratio Turn 1A Invent 1A Days Sal in 1A Days Sal Turnover Inv Uncol 18 short term For both companies compute the inventory turnover. (d) Inventory Turnover Choose Denominator: Company Choose Numerator: Inventory Turnover Inventory turnover Barco 0 times Kyan 0 times 1A Days Sal in Inv> 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 Barco Kyan Company Company Company Company Data from the current year-end balance sheets Assets Data from the current year's income statement Sales $780,000 $924,200 Cash 586,100 646,500 Accounts receivable, net Cost of goods sold Interest expense 8,300 15,000 Merchandise inventory $ 21,500 $32,000 33,400 59,400 84,440 130,500 5,800 7,750 14,992 25,514 Income tax expense Net income 170,608 237,186 Prepaid expenses Plant assets, net Total assets 350,000 306,400 Basic earnings per share 4.27 5.76 $495,140 $536,050 Cash dividends per share 3.77 3.95 Liabilities and Equity Current liabilities $68,340 $ 95,300 Beginning-of-year balance sheet data. Accounts receivable, net Merchandise inventory Total assets $ 31,800 Long-tern notes payable 78,800 113,000 61,600 Common stock, $5 par value 200,000 206,000 $ 51,200 107,400 418,000 392,500. 200,000 206,000 47,304 Retained earnings 148,000 121,750 Common stock, $5 par value $495,140 $536,050 Retained earnings Total liabilities and equity 128,192 Required: 1a. For both companies compute the (a) current ratio. (b) acid-test ratio, (c) accounts receivable turnover, (d) 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. 1A Current 1A Acid Test 1A Acct Rec Ratio Ratio Turn 1A Invent 1A Days Sal in 1A Days Sal 18 short term Turnover Uncol Inv Identify the company you consider to be the better short-term credit risk. Better short-term credit risk