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Required Informatlon [The following Information applies to the questions displayed below. Summary Information from the financial statements of two companies competing In the same Industry
Required Informatlon [The following Information applies to the questions displayed below. Summary Information from the financial statements of two companies competing In the same Industry follows 01:24:20 Kyan Barco Kya CompanyCompany Barco Company Company Data from the current year's income statement Sales Data from the current year-end balance sheets Assets Cash Accounts receivable, net Current notes receivable (trade) Merchandise inventory Prepaid expense:s Plant assets, net Total assets $79e,eee $894,2ee 587,1 648 5ee 9,1e016,e 6 178,615 205,e14 34 3.95 $ 18,5ee 38,eee Cost of goods sold 35,400 56,4e Interest expense 9,588 7,400 Income tax expense 15,185 24 68 84,640 13e,5ee Net income 7,550 Basic earnings per share 4.70 3.76 5.600 360,880 304,480 Cash dividends per share $513,640e $544,25e Beginning-of-year balance sheet data Accounts receivable, net Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings $ 28,8?? $ 52,288 $ 69,340 $103,3ee Current notes receivable (trade) 83,8e0 103,eee Merchandise inventory 190,ee0 236,8ee Total assets 170,580 101,950 Common stock, $5 par value 53,60 117 40e 408,eee 422,5ee 19e,eee 236 eee 134,765 83,376 Total liabilities and equity $513,64 $544,25e Retained earnings Requirec 1e. For both companies compute the (a) current ratio, (b) acid-test ratio, () accounts (Including notes) recelvable turnover, (a) Inventory turnover, (e) days, sales in inventory, and days' sales uncollected. (Do not round Intermediate calculations.) 1b. Identify the company you consider to be 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 1A Days Sal Uncol Req 1B Identify the company you consider to be the better short-term credit risk. Better short-term credit risk Sal Uncol Req 1B Barco company Kyan company
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