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Summary information from the financial statements of two companies competing in the same industry follows. Barco an Barco an Company Company Company Company 924,200 632,500 Data from the current year-end balance sheets Data from the current year's income statement Assets Sales $800,000 $ Cash $ 19,000 S 31,000 st of goods sold 591,100 Accounts receivable, net Current notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net 40,400 9,400 85,040 5,900 9,200 16,000 25,514 184,323 250,186 5.30 54,400 Interest expense 8,200 Income tax expense 15,377 130,500 Net income Basic earnings per share 5.12 7,600 280,000 312,400 Total assets $ 439,740 544,100 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Beginning-of-year balance sheet data Accounts receivable, net Current notes receivable (trade) $ 30,800 53,200 0 57600 107,400 $ 64,340 $ 96,300 0 84,800 180,000 110,600 113,000 Merchandise inventory 236,000 Total assets 378,000 412,500 236,000 Retained earnings 98,800 Common stock, $5 par value 180,000 Total liabilities and equity $ 439,740 544,100 Retained earnings 6,300 94,6