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what did i do wrong? someone please help Problem 13-5A (Algo) Comparative ratio analysis LO P3 The following information applies to the questions displayed below)
what did i do wrong? someone please help
Problem 13-5A (Algo) Comparative ratio analysis LO P3 The following information applies to the questions displayed below) Summary information from the financial statements of two companies competing in the same industry follows. kyan Barco Company Ryan Company Barco company Company Data from the current year-end Data from the current year's balance sheets incone statement AsNet Sales Cash $ 21,500 $ 31,000 Cost of goods sold Accounts receivable, net 36,400 52,400 Interest expense Merchandise inventory 84,540 134,500 Income tax expense Prepaid expenses 5,500 7,500 Net income Plant assets, net 300.000 309,400 Basie earnings per Whare Total Assets $ 447,940 $ 534,800 Cash dividends per share Liabilities and Equity Beginning-of-year balance sheet data Current liabilities $ 71,340 $ 94,300 Accounts receivable, not Long-term notes payable 78,800 105,000 Merchandise inventory common stock, $5 par value 210,000 216,000 Total assets Retained earnings 87,800 119,500 Connon stock, $5 par value Total liabilities and equity $. 447,940 $ 534,800 Retained earnings $ 300,000 $903,200 593, 100 640,500 7.700 11,000 15,377 24,95 183,823 226.765 4.38 5.25 3.78 3.91 $ 29,800 53,600 378,000 210,000 62,737 $ 56,200 107,400 362,500 216,000 61,647 Problem 13-5A (Algo) Part 1 you have completed so far, it does not indicate completion Matum te cuestion Required: 1a. For both companies compute the current ratio, (b) acid-test ratio, accounts receivable turnover, ( Inventory turnover (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. Answer is not complete. Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test IA Acct Rec 1A Invent Ratio Ratio Turn Turnover For both companies compute the current ratio. 1A Days Salin 1A Days Sal Iny Uncol 18 short ter (a) Company Current Ratio Numerator: Denominator: Current assets Current liabilities 147,940 1$ 71,340 Current Ratio Current ratio 2.1 to 24 to Barco Kyan 225,400 94,300 - Antal 1A Acid Test Ratio > Return to questo Required: 1a. For both companies compute the current ratio, (b) acid-test ratio, accounts receivable turnover, (inventory turnover (edays 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. of 2 Answer is not complete. Complete this question by entering your answers in the tabs below. IA Current Ratio IA Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 10 short term For both companies compute the acid-test ratio. (b) Company Numerator, Short-term investments Cash Acid-Test Ratio Denominator Current receivables Current liabilities 36.400$ 52,400 Acid-Test Ratio Acid-test ratio Barco $ 21,500 71,340 0.8 Kyan s 31.500 X 1 to 94,300 0.9 1A Current Ratio 1A Acet Rec Turn > 7 Return to use Required: 1a. For both companies compute the (a current ratio, (b) acid-test ratio, q accounts receivable turnover, (inventory turnover, 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. of 2 Answer is not complete. Complete this question by entering your answers in the tabs below. 18 short term 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Salin 1A Days Sal Ratio Ratio furn Turnover Inv Uncol For both companies compute the accounts (Including notes) receivable turnover. (c) Company Numerator: Net sales Accounts Receivable Turnover Denominator: Average accounts receivable, net 33,100 54,300 Barco $ 800,000 Receivable Turnover Accounts receivable turnover 24.2 times 16.6 times Kyan S 903.200 Required: 1a. For both companies compute the current ratio. (b) acid-test ratio, accounts receivable turnover (inventory turnover days 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. Part 1 of 2 Answer is not complete. 10 points Complete this question by entering your answers in the tabs below. In 1A Current 1A Acid Test IA Acct Rec 1A Invent 1A Days Salin A Days Sal Ratio Ratio Tum Turnover 13 short term Uncol For both companies compute the inventory turnover. (d) Inventory Turnover Company Numerator Denominator Inventory Turnover Cost of goods sold Average inventory Inventory tumover Barco $ 593,100 $ 69,070 8.6 times Kyan $ 640,000/ $ 120,950 = 5.3 times Required: 1a. For both companies compute the (1) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, ich inventory tumover, to 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. art 1 of 2 Answer is not complete. nts Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Salin 1A Days Sal Ratio Ratio Turn Turnover Inv Uncol 13 short term For both companies compute the days' sales in Inventory. (0) Days Sales In Inventory Company Numerator: Denominator Days Current assets * Current liabilities Barco $ 4,540 % / $ 71,340 Kyan $ 13,450 $ 94,300 Step by Step Solution
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