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 years income statement

Assets

Sales

$

810,000

$

887,200

Cash

$

20,500

$

34,000

Cost of goods sold

589,100

646,500

Accounts receivable, net

39,400

59,400

Interest expense

9,000

10,000

Current notes receivable (trade)

9,800

7,600

Income tax expense

15,569

24,493

Merchandise inventory

84,240

134,500

Net income

196,331

206,207

Prepaid expenses

5,800

7,700

Basic earnings per share

5.77

4.37

Plant assets, net

280,000

307,400

Cash dividends per share

3.72

3.98

Total assets

$

439,740

$

550,600

Beginning-of-year balance sheet data

Liabilities and Equity

Accounts receivable, net

$

31,800

$

52,200

Current liabilities

$

62,340

$

93,300

Current notes receivable (trade)

0

0

Long-term notes payable

85,800

115,000

Merchandise inventory

63,600

105,400

Common stock, $5 par value

170,000

236,000

Total assets

388,000

412,500

Retained earnings

121,600

106,300

Common stock, $5 par value

170,000

236,000

Total liabilities and equity

$

439,740

$

550,600

Retained earnings

51,749

87,949

For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts (including notes) receivable turnover, (d) inventory turnover, (e) days sales in inventory, and (f) days sales uncollected.

(a)	Current Ratio
Company	Choose Numerator:	/	Choose Denominator:	=	Current Ratio
		/		=	Current ratio
Barco		/		=		to 1
Kyan		/		=		to 1

(b)	Acid-Test Ratio
Company	Choose Numerator:						Choose Denominator:	=	Acid-Test Ratio
		+		+		/		=	Acid-test ratio
Barco		+		+		/		=		to 1
Kyan		+		+		/				to 1

(c)	Accounts Receivable Turnover
Company	Choose Numerator:	/	Choose Denominator:	=	Accounts Receivable Turnover
		/		=	Accounts receivable turnover
Barco		/		=		times
Kyan		/		=		times

(d)	Inventory Turnover
Company	Choose Numerator:	/	Choose Denominator:	=	Inventory Turnover
		/		=	Inventory turnover
Barco		/		=		times
Kyan		/		=		times

(e)	Days Sales in Inventory
Company	Choose Numerator:	/	Choose Denominator:	x	Days	=	Days Sales in Inventory
		/		x		=	Days sales in inventory
Barco		/		x		=		days
Kyan		/		x		=		days

(f)	Days' Sales Uncollected
Company	Choose Numerator:	/	Choose Denominator:	x	Days	=	Days' Sales Uncollected
		/		x		=	Days' sales uncollected
Barco		/		x		=		days
Kyan		/		x		=		days