Summary information from the financial statements of two companies competing in the same industry follows. harco xyan Barco KYAN Company Company Company Company Data from the current year-end balance sheets Data from the current year's Encens statement Assets Sales $780,000 $922,200 Canh $ 18,000 $ 33,000 Coat of goods sold 593,100 630.500 Accounts receivable, net 35,400 56,400 Interest expense 8.000 11,000 Merchandise inventory 84,340 130,500 Income tax expense 14.992 25,459 Prepaid expenses 5.00 7,550 Net Income 163,900 255,241 Plant assets, net 360,000 311,400 Basie earninga per share 4.82 5.65 Total assets $503, 040 5538,850 Cash dividenda per share 3.75 1.92 Liabilities and Equity Current liabilities Long-term notes payable Common stock, 65 par value Retained earnings Total liabilities and equity $ 68,340 $ 95,300 81,800 101,000 170,000 226,000 182,900 116.550 $503,040 5538,850 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Connon stock, $5 par valge Retained earnings $ 25,00 $ 54,600 63,600 113,400 428,000 412.500 170,000 226,000 146,492 38,493 Required: 1a. For both companies compute the (a current ratio, (b) acid-test ratio, ( accounts receivable turnover. (Inventory turnover, (e) days! sales in inventory, and (1 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 Ratio 1A Acct Rec Turn 1A Invert Turnover 1A Days Salin 1A Days Sal Inv Uncol IB short term For both companies compute the current ratio. (a) Company Choose Numerator: Current Ratio 1 Choose Denominator: Current Ratio Current ratio to 1 to 1 Barco Kyan 1A Acid Test Ratio > Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (accounts receivable turnover, ( Inventory turnover, (e days' sales in inventory, and (1) 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. 18 short term 1A Current 1A Acid Test 1A Act Rec IA Invent 1A Days Salin 1A Days Sat Ratio Ratio Turn Turnover Inv Uncol For both companies compute the acid-test ratio. (0) Ack-Test Ratla Company Choose Numerator Choose Denominator Acid-Test Ratio Acid-test ratio to1 Barco Kyan +++ to 1 Required: 10. For both companies compute the (a) current ratio, (b) acid-test ratio. ( accounts receivable turnover (Inventory turnover (@days sales in inventory, and (4 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 Act Rec 1A Invent 1A Days Salin 1A Days Sal Ratio Ratio Turnover Turn Iny Uncol 18 short term For both companies compute the accounts (including notes) receivable turnover. (c) Accounts Receivable Tumover Company Choose Numerator: Choose Denominator: - Accounts Receivable Turnover = Accounts receivable turnover Barco imes Kyan times Required: 1a. For both companies compute the (a) current ratio. (b) acid-test ratio, (accounts receivable 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 the better short-term credit risk. Complete this question by entering your answers in the tabs below. 1B short term 1A Current 1A Acid Test 1A Acct Rec 1A Ingent 1A Days Satin 1A Days Sal Ratio Ratio Turn Turnover Iny Uncol For both companies compute the inventory turnover. (d) Inventory Turnover Company Choose Numerator: Choose Denominator Inventory Turnover Inventory tumover Barco times Kyan times = Required: 1a. For both companies compute the current ratio. (c) acid-test ratio, ( accounts 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 the better short-term credit risk. Complete this question by entering your answers in the tabs below. 1A Current Ratio IA Acid Test Ratio 1A Acct Rec Turn 1A Invent AlDays Salin 1A Days Sal Turnover Inv 18 short term Uncol For both companies compute the days' sales in Inventory. (0) Company Choose Numerator: Days' Sales In Inventory Choose Denominator * Days X - Days' Sales In Inventory Days' sales in inventory days days Barco X Kyan x Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, ( 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. 1B short term 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Salin 11 Days Sal Ratio Ratio Turn Turnover Inv Uncol For both companies compute the days' sales uncollected () CompanyChoose Numerator: Days Sales Uncollected Choose Denominator: x Days X = Days' Sales Uncollected = Days' sales uncollected days days X Barco Kyan Required: 1a. For both companies compute the (8) current ratio, (b) acid-test ratio, (accounts receivable turnover, (a) inventory turnover (e) days' sales in inventory, and (4 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 Ratio IA Acct Rec Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 18 shelt term Identify the company you consider to be the better short-term credit risk. Better short-term credit nak