Summary information from the financial statements of two companies competing in the same industry follows. Barco Kyan Barco Kyan Company Company Company Company 905,200 648,500 Data from the current year-end balance sheets Data from the current year's income statement $770,000 $ 591,100 8,300 Assets Sales 36,000 Cost of goods sold $ 21,500 36,400 9,600 Cash 51,400 8,200 Accounts receivable, net Current notes recelvable (trade) Merchandise inventory Prepaid expenses Plant assets, net 14,000 24,990 217,710 4.82 3.95 Interest expense Income tax expense Basic earnings per share Cash dividends per share 14,800 3.90 3.81 84,440 138,500 Net income 155,800 7,000 306,400 5,600 290,000 Total assets $447,540 $547,500 Beginning-of year balance sheet data Accounts receivable, net $ 28,800 58,200 0 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value $ 61,340 $104,300 Current notes receivable (trade) 0 63,600 408,000 113,400 422,500 86,800 103,000 Merchandise inventory 226,000 Total assets 200,000 226,000 Retained earnings 99,400 114,200 Common stock, $5 par value 200,000 Total liabilities and equity $447,540 $547,500 Retained earnings 96,000 75,030