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	$ 790,000	$ 917,200
Cash	$ 20,500	$ 38,000	Cost of goods sold	589,100	636,500
Accounts receivable, net	39,400	59,400	Interest expense	8,900	19,000
Merchandise inventory	84,840	140,500	Income tax expense	15,185	25,321
Prepaid expenses	5,900	7,650	Net income	176,815	236,379
Plant assets, net	300,000	305,400	Basic earnings per share	4.42	5.74
Total assets	$ 450,640	$ 550,950	Cash dividends per share	3.77	4.01
Liabilities and Equity			Beginning-of-year balance sheet data
Current liabilities	$ 61,340	$ 99,300	Accounts receivable, net	$ 30,800	$ 52,200
Long-term notes payable	81,800	115,000	Merchandise inventory	65,600	117,400
Common stock, $5 par value	200,000	206,000	Total assets	418,000	412,500
Retained earnings	107,500	130,650	Common stock, $5 par value	200,000	206,000
Total liabilities and equity	$ 450,640	$ 550,950	Retained earnings	81,485	59,483

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•  Required
• 1 Current Ratio
• 2 Acid Test Ratio
• 3 Account Receivable Turnover
• 4 Inventory Turnover
• 5 Days Sale in Inventory
• 6 Days Sale Uncollectable 
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