[The following information applies to the questions displayed below.) Summary Information from the financial statements of two companies competing in the same industry follows. Barco Company Ryan Company Barco. Company Data from the current year-end balance sheets Data from the current year's income statement Assets 43.34 Cash $ 20,000 $35,000 Sales Cost of goods sold Accounts receivable, net 34:400 50,400 Interest expense $770,000 590,100 8,500 ht ped Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity 5 484,140 $533,350 84,440 128,500 Income tax expense 14,800 Kyan Company $ 915,2001 650,500 10,000 25,266 5,300 340,000 7,050 Net Income 156,600 229,434 312,400 Basic earnings per share i 3.92 5.57 Cash dividends per share 3.73 3.94 Beginning-of-year balance sheet data $ 67,340 $ 92,300 Accounts receivable, net $26,800 5:54,200 #1,800 200,000 105,000 Merchandise inventory 65,600 105,400 206,000 Total assets 410,000 402,500 135,000 $ 484,140 130,050 $533,350. Common stock, $5 par value 200,000 206,000 Retained earnings 127,600 62,944 Problem 13-5A (Algo) Part 1 Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover, (e) days sales in inventory, and (4) days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk. Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test 1A Acct Rec Ratio Ratio Turn Inv 1A Invent 1A Days Sal in 1A Days Sal Turnover 18 short term Uncol For both companies compute the current ratio. (a) Company Numerator: Barco Kyan Current Ratio Denominator: = Current Ratio Current ratio 0 to 1 0 to 1 eBook Pr Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (d) accounts receivable turnover, (d) Inventory turnover, (e) days sales in inventory, and (4 days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test Ratio Ratio 1A Acct Rec Turn 1A Invent 1A Days Sal in 1A Days Sal 18 short term Tumover Inv For both companies compute the acid-test ratio. Uncol (b) Company Barco Kyan Acid Test Ratio Numerator Denominator Acid-Test Ratio Acid-test ratio 001 0 10 11 <1a current ratio 1a acct rec turn> ebook Print Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover, (e) days' sales in inventory, and (0 days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk. Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test 1A Acct Rec Ratio Ratio Turn 1A Invent 1A Days Sal in 1A Days Sal Turnover Inv Uncol 18 short term For both companies compute the accounts (including notes) receivable turnover. (c) Company Numerator: Barco Kyan Accounts Receivable Turnover Denominator: Accounts Receivable Turnover Accounts receivable turnover 0 times O times < 1A Acid Test Ratio 1A Invent Turnover > C eBook - Print Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover, (e) days sales in inventory, and (4 days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk. Complete this question by entering your answers in the tabs below. Ratio IA Current 1A Acid Test 1A Acct Rec Ratio Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 18 short term For both companies compute the inventory turnover. (d) Company Numerator: Barco Kyani Inventory Turnover Denominator: Inventory Tumover Inventory turnover 0 times 0 times < 1A Acct Rec Turn 1A Days Sal in Inv > eBook Print Problem 13-5A (Algo) Part 1 Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover. (d) inventory turnover, (e) days' sales in inventory, and (4 days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk. Complete this question by entering your answers in the tabs below. Ratio 1A Current 1A Acid Test 1A Acct Rec Ratio Turn 1A Invent 1A Days Sal in 1A Days Sal Turnover Inv Uncol 18 short term For both companies compute the days' sales in inventory. (0) Company Barco Kyan Numerator: Days' Sales in Inventory Denominator: Days Days' Sales in Inventory Days' sales in inventory 0 days 0 days <1a invent turnover 1a days sal uncol> ellock Print Problem 13-5A (Algo) Part 1 Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (d) accounts receivable turnover, (c) Inventory turnover, (e) days sales in inventory, and (4 days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk. Complete this question by entering your answers in the tabs below. 1A Current Ratio 1A Acid Test 1A Acct Rec Ratio Tum 1A Invent Turnover 1A Days Sal in 1A Days Sal 18 short term Inv Uncol For both companies compute the days' sales uncollected. (0) Company Barco Kyan Numerator: Days' Sales Uncollected Denominator: Days Days' Sales Uncollected Days' sales uncollected i 0 days 0 days <1a days salin inv 1b short term> Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover, (e) days' sales in inventory, and (5 days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk. Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test Ratio Ratio 1A Acct Rec Turn 1A Invent 1A Days Sal in 1A Days Sal 18 short term Turnover Inv Uncol Identify the company you consider to be the better short-term credit risk. Better short-term credit risk < 1A Days Sal Uncol 18 short form