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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

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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 Barco Kyan Company Company Company Company Data from the current year-end balance sheets Data from the current year's income statement Assets Sales $8ee, eee $986,200 Cash $ 20,000 $ 36,eee Cost of goods sold 587, 1ee644, See Accounts receivable, net 39,400 58,400 Interest expense 9,280 11, eee Merchandise inventory 84,340 134,500 Income tax expense 15,377 25, 017 Prepaid expenses 5,5ee 7,450 Net income 188, 323 225,683 Plant assets, net 280.000 311, 4ee Basic earnings per share 4.48 4199 Total assets $429, 240 $547,758 Cash dividends per share 3.72 3.93 Liabilities and Equity Beginning-of-year balance sheet data Current liabilities $ 61,348 $103,300 Accounts receivable, net $ 28,800 $ 54, 2ee Long-term notes payable 83,800 111,080 Merchandise inventory 55,600 115,400 Common stock, $5 par value 210,000 226,000 Total assets 438,000 362,500 Retained earnings 74,100 187,450 Common stock, $5 par value 210,000 226,000 Total liabilities and equity $429,240 $547,750 Retained earnings 42,017 59,403 Required: 1o. For both companies compute the current ratio. (acid-test ratio, ( accounts receivable turnover (inventory turnover, ( days sales In Inventory, and (days' sales uncollected. (Do not round intermediate calculations.) 1. Idently the company you consider to be the better short-term credit risk

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