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 balance sheets Data from the current year's income statement Assets Sales $ 780,000 $ 896,200 Cash $ 19,500 $ 31,000 Cost of goods sold 592,100 646,500 Accounts receivable, net 36,400 Interest expense Merchandise inventory Prepaid expenses Plant assets, net 84,940 6,200 290,000 Total assets Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 437,040 $ 537,050 79,800 180,000 105,900 $ 71,340 $ 101,300 113,000 216,000 106,750 $ 437,040 $ 537,050 56,400 136,500 7,750 305,400 Income tax expense Net income Basic earnings per share Cash dividends per share Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings 8,600 13,000 14,992 24,741 164,308 211,959 4.56 4.91 3.76 4.02 $ 29,800 $ 53,200 55,600 111,400 418,000 422,500 180,000 216,000 76,952 68,455