Third Attempt -Please show step-by-step calculations for the following ratio calculation so it is easy to understand what numbers have been used:

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 years income statement
Assets								Sales	$	770,000		$	880,200
Cash	$	19,500		$	34,000			Cost of goods sold		585,100			632,500
Accounts receivable, net		37,400			57,400			Interest expense		7,900			13,000
Current notes receivable (trade)		9,100			7,200			Income tax expense		14,800			24,300
Merchandise inventory		84,440			132,500			Net income		162,200			210,400
Prepaid expenses		5,000			6,950			Basic earnings per share		4.51			5.11
Plant assets, net		290,000			304,400			Cash dividends per share		3.81			3.93
Total assets	$	445,440		$	542,450
								Beginning-of-year balance sheet data
Liabilities and Equity								Accounts receivable, net	$	29,800		$	54,200
Current liabilities	$	61,340		$	93,300			Current notes receivable (trade)		0			0
Long-term notes payable		80,800			101,000			Merchandise inventory		55,600			107,400
Common stock, $5 par value		180,000			206,000			Total assets		398,000			382,500
Retained earnings		123,300			142,150			Common stock, $5 par value		180,000			206,000
Total liabilities and equity	$	445,440		$	542,450			Retained earnings		98,300			93,600

Required - For both companies give step-by-step instructions and numbers on how to calculate the days' sales uncollected:

(f)	Days Sales Uncollected
Company	Choose Numerator:	/	Choose Denominator:	X	Days	=	Days Sales Uncollected
	Current receivables, net	/	Net Sales	X	365	=		days
Barco		/	$ 770,000	X	365	=		days
Kyan		/	$ 880,200	X	365	=		days