Summary information from the financial statements of two companies competing in the same industry follows. Barco Company Kyan Company Data from the current year-end balance sheets Assets Cash Accounts receivable, net Current notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 19,000$ 33,400 9,800 84,840 5,180 320,000 472,140$ 31,800 51,400 8,600 140,500 7,458 311,400 550, 350 $ Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total abilities and equity 69,340 $ 86,800 210,000 106,000 472, 140$ 94,300 107,000 196,000 153, ese 550, 350 $ Data from the current year's income statement Sales Cost of goods sold Interest expense Income tax expense Not income Basic earnings per share Cash dividends per share 760,000 $ 586, 100 7,700 14,608 151,592 3.61 3.81 927,200 640,500 15,000 25,597 246, 103 6.28 3.98 Beginning of-year balance sheet data Accounts receivable, net $ 31,800$ 50,200 $ 31,800 50,200 Beginning-of-year balance sheet data Accounts receivable, net Current notes receivable (trade) Merchandise inventory Total assets Connon stock, 55 par value Retained earnings 55,600 38,000 210,000 114,428 105,400 362,500 196,000 62,963 Problem 17-5 Part 1 Required: 1o. For both companies compute the () current ratio. (b) acid-test ratio. ( accounts (including notes) receivable turnover (c) inventory turnover (c) 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 Acctilec Turn IA Invent Turnover 1A Days Salin 1A Days Sal In Uncal Reg 13 For both companies compute the current ratio. Campeny Choo Numerator (6) Current Ratio Choose Denominator Current Ratio Required information 10. For both companies compute the current ratio, (b) acid-test ratio, (daccounts (including notes) receivable turnover (inventory turnover (c) days' sales in inventory, and (1 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 IA Acct Rec Turn 1A Invent Turnover 1A Days Salin 11 Days Sal Iny Uncol Reg 13 For both companies compute the current ratio. Company Choo Numerator Il Current Ratio Choose Denominator Barco - Current Ratio Corrent ratio oto 1 oto 1 Kyan 1A Acid Test Ratio >