8th submittal. Please help with red fields. Thanks! Required information Problem 13-5A Comparative ratio...
70.2K
Verified Solution
Question
Accounting
8th submittal. Please help with red fields. Thanks!
Required information Problem 13-5A Comparative ratio analysis LO A1, 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 Barco Kyan Barco Kyan Company Company Company Company Data from the current year-end balance sheets Assets Cash Accounts receivable, net Current notes receivable (trade) Merchandise inventory Prepaid expense:s Plant assets, net Total assets Data from the current year's income statement Sales $770,000 $880,200 585,100 632 500 7,900 13,000 24 300 162,200 210,400 $ 19,500 34,00 Cost of goods sold 57,400 Interest expense 37,400 9,100 7,200 Income tax expense 14,800 84,440 132,500 Net income 5,000 6,950 Basic earnings per share 4.51 3.81 290,000 304.400 Cash dividends per share 3.93 $445,440 $542,450 Beginning-of-year balance sheet data Accounts receivable, net Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 29,80054200 61,340 93,300 Current notes receivable (trade) 80,800 101,000 Merchandise inventory 180,000 206,000 Total assets 123, 300 142.150 Common stock, $5 par value 55,600 107 400 398,000 382,500 180,000 206 000 98,300 93,600 $445,440 $542,45 Retained earnings Problem 13-5A Part 1 Requirec 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts (including notes) receivable turnover, (c) 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 riskGet Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.