und Homework Help 5 YE Subs Check my world 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 Barco kyan Company Data from the current year-end balance sheets Assets Cash $ 21,500 $ 35,000 Accounts receivable, net 54,400 Merchandise Inventory 36,400 84,640 138,500 Prepaid expenses 5,400 6,950 plant assets, het 300,000 307, 400 total assets 5447,940 5534,250 Data from the current year's income statement Sales 5790,000 $878,100 Cost of goods sold 587,100 632/500 Interest expense 3,880 11.000 Income tax expense 15,185 24. 244 Net income 179,715 218,456 Basic earnings per share 9.37 Cash dividends per share 3.28 3.93 Liabilities and Equity Current liabilities Long-ternt notes payable Coman stock, 35 par value Retained earnings Total liabilities and equity Beginning of year balance sheet data Accounts receivable, net Merchandise inventory Total assets Con stock, 15 par value Retained earnings 5 64,348 5 14,30 79.Baa 115,00 298,000 196,000 103,00 133,958 5447,948 5534,250 $ 26,00 555.200 63, 107,400 200,009 76,055 196,000 744550 Required: 1a. For both companies comoute the fal current ratio lacid-test ratio, accounts receivable turnover Inventory turnover el davs Required: 1o. For both companies compute the (a) current ratio, (b) acid-test ratio. ( accounts receivable turnover, (o inventory turnover 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. 1A Days Salin Inv IA Days Sal Uncol 18 short term 1A Current 1A Acid Test 1A Acct Rec 1A Invent Ratio Ratio Turn Turnover 1A Acid Test Ratio For both companies compare the current ratio. (a) Current Ratio Company Choose Numerator: 1 Choose Denominator: Current assets Current liabilities Barco s 147.940 $ Kyan $ 226 850 / $ Current Ratio Current ratio 23 to 1 2.4 to 1 64.340 = 94 300 1A Acid Test Ratio > Required: 1o. For both companies compute the (a) current ratio. (b) acid-test ratio, id accounts receivable turnover (inventory turnove le 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 Id Acid Test Ratio LA Auct Rec Turn 1A Invent Turnover 1A Days Salin IA Days Sal In Uncol 18 short term For both companies compute the add-test ratio. Acid Test Ratio TO Choose Denominator Cost of goods sold Choose Numerator Short-term investments [b] Company Cash Barca 5 Kyan $ + Net sales Acid astrati Op 1 $ 21,500+ 35.000 64,340 94300 1 1 0 1 $ Required: 10. For both companies compute the (a) current ratio. (b) acid-test ratio. (accounts receivable tumover. (inventory turnover te 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 1A Acid Test Ratio 1A Acct Rec Turn IA Invent Turnover 1A Days Salin Inv 1A Days Sal Uncol 18 short term For both companies compute the accounts (including notes) receivable turnover. S (c) Accounts Receivable Turnover Company Choose Numerator: Choose Denominator: - Accounts Receivable Turnover Net sales Average accounts receivable, nel = Accounts receivable turnover Barco 790,000 $ 25 - 31.600.0 times Kyan $ 878.2001 s 16 = 54,887.5 times Help Save Check 3 Required: 10. For both companies compute the (a) current ratio. (b) acid-test ratio, accounts receivable turnover. (d) inventory turnover. (el 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 31 of 2 5 ts Complete this question by entering your answers in the tabs below. 1A Current Ratio IA Acid Test Ratio IA Acct Rec Turn 1A Invent Turnover 1A Days Salin Iny 1A Days Sal Uncol eBook 18 short term For both companies compute the inventory turnover References (0) Company Choose Numerator Cost of goods sold Barco $ 587 100 Kyan S 632 500 Inventory Turnover Choose Denominator: Average inventory 5 Inventory Turnover Inventory turnover 73,387 5 times 126 500 times 8 5 5 Help Save & ER Submu Check my work Required: 1o. For both companies compute the current ratio.) acid-test ratio, accounts receivable turnover. (dt inventory turnover (e days sales in inventory, and (1days' sales uncollected (Do not round intermediate calculations.) Ib. Identify the company you consider to be the better short term credit risk Complete this question by entering your answers in the tabs below. 18 short term LA Current 1A Add Test 14 Act Rec 1A Invent 1A Day Sal in LA Days Sal Ratio Tum Turnover Inv 14 Days Salin For both companies compute the days' sales in inventory Days Days Sales in Inventory Company Choo Numeraton Choose Denominator: Merchandise inventory Cost of goods sold Barco 74 120 587 100 Kyan 118 950s 632.500 - Days Sales inventory = Days sales in inventory 365 365 34 of 8 Next >