Saved Help Save & Exit Submit Check my work 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 $778,eee $910, 280 Cash $ 19,500 $ 34,000 Cost of goods sold 588,100 638 See Accounts receivable, net 39.400 51,409 Interest expense 9,200 18,000 Merchandise inventory 84,740 140,500 Income tax expense 14,800 25/128 Prepaid expenses 6,200 7,809 Net income 157,900 228,572 Plant assets, net 280,000 305,480 Basic earnings per share 4.64 $.29 Total assets $429,840 $539,1ee Cash dividends per share 3.94 3.81 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 60, 340 $ 94,300 84,800 115,000 170,000 216, eee 114,700 113,800 $429,840 $539, 100 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings $ 26,800 $ 56.200 59,600 105,400 408,000 392 See 170,eee 216, see 86,340 55.436 Required: 1a. For both companies compute the (a) current ratio. (b) acid-test ratio. (daccounts 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 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 1A Days Sal Inv Uncol Reg 1B Short term For both companies compute the current ratio. (a) Company Choose Numerator: Current Ratio Choose Denominator: Current Ratio Activate Windows Go to Settings to activate