Summary information from the financial statements of two companies competing in the same industry follows. Barco Company Kyan Company Barco Company Kyan Company Data from the current year-end Data from the current year's balance sheets income statement Assets Sales $790,000 $899,200 Cash $ 18,500 $ 31,000 Cost of goods sold 594,100. 634,500 Accounts receivable, net 35,400 58,400 84,340 134,500 5,600 320,000 7,250 311,400 Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 463,840 $ 542,550 Cash dividends per share Beginning-of-year balance sheet Accounts receivable, net Merchandise inventory data $ 65,340 $ 95,300 $ 26,800 $ 53,200 83,800 117,000 61,600 111,400 236,000 Total assets 398,000 422,500 94,250 Common stock, $5 par value 170,000 236,000 Retained earnings 100,105 57,174 170,000 144,700 $ 463,840 $ 542,550 Interest expense Income tax expense Net income 7,600 14,000 15,185 24,824 173,115 225,876 Basic earnings per share 5.09 4.79 3.78 4.00 (a) Company Numerator: Barco Kyan Current Ratio Denominator: Current Ratio = Current ratio " 0 to 1 0 to 1 (b) Company Barco Kyan . Numerator: Acid-Test Ratio + Denominator: Acid-Test Ratio Acid-test ratio 0 to 1 0 to 1 (c) Company Barco Kyan Accounts Receivable Turnover Numerator: Denominator: Accounts Receivable Turnover Accounts receivable turnover O times O times (d) Company Numerator: Barco Kyan Inventory Turnover Denominator: < 1A Acct Rec Turn Inventory Turnover Inventory turnover 0 times 0 times 1A Days Sal in Inv> (e) Company Barco Kyan Numerator: Days' Sales in Inventory Denominator: x Days = Days' Sales in Inventory Days' sales in inventory 0 days 0 days < 1A Invent Turnover 1A Days Sal Uncol > (5) Company Barco Kyan Numerator: Days' Sales Uncollected Denominator: Days Days' Sales Uncollected = Days' sales uncollected 0 days 0 days