Summary information from the financial statements of two companies competing in the same industry follows. Kyan Company Barco Company Data from the current year-end balance sheets Assets Cash $ 18,500 $ Accounts receivable, net 39,400 Current notes receivable (trade) 10,000 Merchandise inventory 84,440 Prepaid expenses 5,500 Plant assets, net 340,000 Total assets $ 497,840 $ 32,000 55,400 7,800 136,500 7,400 312,400 551,500 $ Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity 60, 340 $ 81,800 220,000 135,700 497,840 $ 102,300 103,000 226,000 120,200 551,500 $ Data from the current year's income statement Sales $ 810,000 $ Cost of goods sold 593,100 Interest expense 8,000 Income tax expense 15,569 Net income 193,331 Basic earnings per share 4.39 Cash dividends per share 3.77 901,200 630,500 18,000 24,879 227,821 5.04 4.02 $ Beginning-of-year balance sheet data Accounts receivable, net Current notes receivable (trade) Merchandise inventory Total assets Common stock, $5 par value Retained earnings 31,800 $ 0 61,600 438,000 220,000 108,249 53,200 0 115,400 412,500 226,000 74,083