Summary information from the financial statements of two companies competing in the same industry follows Barco Kyan Barco Kyan Company Company 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 expenses Plant assets, net Total assets $770,000 $907,200 588,100 630,500 8,500 16,000 14,80025,045 158,600 235,655 45 3.93 $ 18,500 37,000 Cost of goods sold 36,400 60,400 Interest expense 9,800 B,200 Income tax expense 84,840 134,500 Net income 5,800 7,100 Basic earnings per share 3.60 3.74 350,000305,400 Cash dividends per share $505,340 $552,600 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 29,800 $ 51,200 $67,340 $103,300 Current notes receivable (trade) 83,800 105,000 Merchandise inventory 220,000 216,000 Total assets 134,200128,300 Common stock, $5 par value 63,600 107,400 438,000 412,500 220,000 216,000 140,160 62,421 $505,340 $552, 600 Retained earnings Total liabilities and equity Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal Req 18 Ratio Ratio Turn Turnover Inv Uncol For both companies compute the days' sales in inventory Days' Sales in Inventory Days' Sales in Inventory Company Choose Numerator: Choose Denominator: x DaysD | 3650-1 Days' sales in inventory Cost of goods soldCost of goods sold x 74,220 S 120,950 S 588,100x 365 - 630,500x 365 46.1 days 70.0 days Barco 365 Kyan Answer is complete but not entirely correct Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal in1A Days Sal Req 1B Ratio Ratio Turn Turnover Inv Uncol For both companies compute the days' sales uncollected Days' Sales Uncollected x Days -Days' Sales Uncollected ompany Choose Numerator: Choose Denominator: Net sales x x Days' sales X365uncollected Current receivables, net 770,000 x 3 907,200x365 15.7 days 33,100 365 Barco 22.5 days Kyan 55,800 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below 1A Current1A Acid Test1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal Req 1B Ratio Ratio Turn Turnover Inv Uncol For both companies compute the acid-test ratio Acid-Test Rati Acid-Test Ratio Acid-tes ratio Company Choose Numerator: Choose Denominator: Current liabilities Cash Net sales Current assets 1.0 to 1.0 to 18,500+$ 37,000+ $ 67,340 03,300 36,400 X+ 9,800 xS Barco Kyan 60,400 X+ 8,200 x