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Summary information from the financial statements of two companies competing in the same industry follows Barco Company Kyan Company Data from the current vear-end balance
Summary information from the financial statements of two companies competing in the same industry follows Barco Company Kyan Company Data from the current vear-end balance sheets Assets Cash Accounts receivable, net Current notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net Total assets 22,500$ 31,000 54,400 7,600 132,500 6,950 306,400 $ 476,940$ 538,850 35,400 9,000 84,840 5,200 320,000 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 61,340$ 97,300 111,000 236,000 94,550 $ 476,940$ 538,850 83,800 170,000 161,800 Data from the current year's income statement Sales Cost of goods sold Interest expense Income tax expense Net income Basic earnings per share Cash dividends per share $ 770,000$ 901,200 650,500 12,000 24,879 213,821 4.53 4.00 594,100 8,800 14,800 152,300 4.48 3.70 Beginning-of-year balance sheet data Accounts receivable, net Current notes receivable (trade) Merchandise inventory Total assets Common stock, $5 par value Retained earnings $ 26,800$ 51,200 63,600 378,000 170,000 135,300 115,400 402,500 236,000 69,529 Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts (including notes) receivable turnover, (a) inventory turnover, (e) days' sales in inventory, and ( days, sales uncollected. (Do not round intermediate calculations.)
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