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this is all one question Required information The following information applies to the questions displayed below) Summary information from the financial statements of two companies

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Required information 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 5810,000 $881,200 Cath $ 21,500 $ 11,000 Cost of goods sold 595,100 642500 Accounts receivable net 37,400 58,400 Interest expense 3.600 13,000 Merchandise Inventory 34,440 130,500 Income tax expense 15,569 24,327 Prepaid expenses 5.400 7.650 Net Income 190, 231 plant assets, net 196, 373 30.000 307 400 Basic earnings per share 4.55 Total asets $478,740 $534,950 Cash dividends per share 3.60 4.00 Liabilities and Equity 1 Current abilities Beginning of-year balance sheet data 5. 62,540 $ 95,300 Accounts receivable, net Long-ters notes payable $ 29,300 $54/200 10,300 113,000 Merchandise Inventory Common stock, 55 par value 63,600 105.400 220,000 Retained earning 216,000 Total assets 398,000 372.500 115,600 110.6se Common stock, 35 par value 220.000 total liabilities and equity 216,000 $478,740 5534,958 Retained earnings 92,069 87027 es ok Required: 10. For both companies compute the (a) current ratio, (b) acid-test ratio, (accounts receivable turnover (inventory turnover (e) da sales in inventory, and (days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk. nat Complete this question by entering your answers in the tabs below. ences 1A Days Sal in 1A Days Sal Inv Uncol 18 short term 1A Current 1A Acid Test 1A Acct Rec 1A Invent Ratio Ratio Turn Turnover For both companies compute the current ratio. Company Choose Numeraton Current Ratio Choose Denominator Barca Kyan Current Ratio Current ratio Oto 1 O to 1 1A Acid Test Ratio > Complete this question by entering your answers in the tabs below. ferences 1A Current Ratio 1A Add Test Ratio 1A Act Rec Turn 1A Invent Turnover 1A Days Salin 1A Days Sal Iny Uncol TB short term For both companies compute the acid-test ratio, to) Acd Tot Ratio Company Choose Numerator Chose Domino Barco Kyan Acid Test Ratio Aedtest ratio tot Oto 1A Curent Ratio 1A Act Rec Turn > Complete this question by entering your answers in the tabs below. References 1A Current Ratio 1A Add Test Ratio 1A Acct Rec Tum 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 18 short term For both companies compute the accounts (including notes) receivable turnover. Company Choose Nomerator: Accounts Receivable Tumover Choose Denominator Accounts Receivable Turnover Accounts receivable fumover O times Barco Kyan O times ( 1A Acid Test Ratio 1A Invent Turnover > Required: 1o. For both companies compute the (a) current ratio, (b) acid-test ratio, accounts receivable turnover. (inventory turnover, (e) days sales in inventory, and (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 LA Acid Test Ratio 1A Acet. Rec Tum 1A Invent Turnover 1 A Days Salin 1A Days Sul Iny Uncol TB short term For both companies compute the inventory turnover (d) Company Choose Numerator: Inventory. Tumore! 1 Choose Denominator: Inventory Turnover Inventory turnover O times Barco Kyan = Oltimes Required: 10. For both companies compute the (a) current ratio. (b) acid-test ratio. (accounts receivable turnover. (d) inventory turnover (ed sales in inventory, and (1 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. ences 10 short term 1A Current 1A Acid Test LA Acct Rec IA Invent 1A Days Salin 1A Days Sal Ratio Ratio Tum Turnover Iny Uncol For both companies compute the daye sales in inventory ( Days' Sales Inventory Company Choose Numerator: Choose Denominator x Days 1 Barco 1 Kyan Days' Sales In Inventory Days' sales in inventory daya 9 dy X Required: 10. For both companies compute the (a current ratio, (b) acid-test ratio, (c) accounts receivable turnover (inventory turnover. (e) days' sales in inventory, and (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. es inv 1B short term 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Salin A Days Sal Ratio Ratio Turn Turnover Uncol For both companies compute the days' sales uncollected. 15 Days' Sales Uncollected Company Choose Numerator Choose Denominator: * Days Barco Kyan Days' Sales Uncollected Days' sales uncollected 0 days 0 days

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