[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 Kyan Company Barco Company Kyan Company Data from the current year-end balance sheets Data from the current year's income statement Assets Sales $ 790,000 $ 896,200 Cash Accounts receivable, net $ 22,000 34,400 $ 32,000 Cost of goods sold 593,100 644,500 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 84,740 5,400 290,000 7,600 307,400 $ 436,540 $ 534,900 $ 62,340 $ 103,300 81,800 190,000 102,400 115,000 226,000 90,600 $ 436,540 $ 534,900 Interest expense Income tax expense Net income Basic earnings per share Cash dividends per share Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings 57,400 7,800 17,000 130,500 15,185 24,741 173,915 4.58 209,959 4.65 3.74 3.94 $ 28,800 $ 56,200 61,600 109,400 448,000 362,500 190,000 226,000 70,605 58,729