Summary information from the financial statements of two companies competing in the same industry follows. Sales Cost of goods sold 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 Cash $ 21,000 $ 34,000 Accounts receivable, net 36,400 $ 770,000 588,100 $ 884,200 638,500 57,400 136,500 7,700 18,000 14,800 24,410 7,150 307,400 Net income 159,400 203,290 4.98 4.50 3.70 4.02 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 84,540 5,400 310,000 $ 457,340 $ 542,450 83,800 160,000 Interest expense Income tax expense Basic earnings per share Cash dividends per share Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory $ 61,340 $ 97,300 115,000 226,000 Total assets 152,200 104,150 $ 457,340 $ 542,450 Common stock, $5 par value Retained earnings $ 30,800 $ 55,200 59,600 113,400 428,000 402,500 160,000 226,000 111,200 82,564