[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 Kyan Company Company BarcoKyan Company Co Data from the current year's income statement Sales Data from the current year-end balance sheets 790.000s 922.200 Assets $21,000 $ 34,000 Cost of goods sold 584,100636,500 Cash Accounts receivable, net Current notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net 36,400 52,400 Interest expense 9,500 7.400 Income tax expense 84,540130,500 Net income 5,5007.400 Basic earnings per share 280,000 311400 Cash dividends per share 8,40014,000 5.185 25,459 182,315 246.241 434 628 3.72 3.96 436.940s 543,100 Total assets Beginning-of year balance sheet data Accounts receivable, net s 27,800 $ 54,200 0 Liabilities and Equity 0 $65,340 $ 91,300 Current notes receivable (trade) Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity 01000 Merchandise inventory 55,600113,400 210,000 196.000 Total assets 76,800 154,800 Common stock, $5 par value 436,9405 543,100 Retained earnings 438,000 382.500 210,000 196,000 s 436.940s 543100 50,72563,791 eamnings