Summary information from the financial statements of two companies competing in the same industry follows. Barco Kyan Company Company Barco Data from the current year-end balance sheets Company Company Data from the current year's income statement Sales Assets $780,000 s 906,200 s 22000s 31,000 Cost of goods sold Cash Accounts receivable, net Current notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net 587,100 640.500 9,100 14,000 14,992 25,017 168,808 226,683 4.02 4.80 381 4 02 39,400 55,400 Interest expense 9,800 8,400 Income tax expense 84,240 134,500 Net income 6.200 310,000 7.750 313,400 Basic earnings per share Cash dividends per share Total assets 471,640 550.450 Beginning-of-year balance sheet data Accounts receivable, net Current notes receivable (trade) Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value $32,800 $ 56,200 0 $62,340 $ 101,300 0 81,800 111,000 Merchandise inventory 210,000 236,000 Total assets 55,600117,400 398,000392,500 210,000 236,000 117,500 Retained earnings 102,150 Common stock, $5 par value 471,640s 550,450 Retained earnings Total liabilities and equity 108,712 65,211