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Help Save & Exit Submit Check my work The following information applies to the questions...

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Accounting

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Help Save & Exit Submit Check my work The following information applies to the questions displeyed below] Summary information from the financial statements of two companies competing in the same industry follows rco Company Company Data from the current year-end balance sheets Assets Cash Accounts receivable, net Current notes receivable (trade) 9,100 7,200 Income tax expense Merchandise inventory Prepaid expenses Sales $770,e00 $880, 200 585,100 632, 580 7,900 13,000 14,800 24,300 162,200 210,400 4.51 5.11 s19,500 34,e00 Cost of goods sold 37,400 57,400 Interest expense 84,440 132,500 Net income 5,0 6,950 Basic earnings per share 290,000 304, 480 Cash dividends per share Plant assets, net Total assets 3.813.93 $445,440 $542,456e Accounts receivable, net s 29,880 s 54, 200 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity s 61,340 s 93,300 Current notes receivable (trade) 80,800 101,000 Merchandise inventory 180,000 206,000 Total assets 123,300 142,150 Conmon stock, $5 par value 55,600 107,400 398,000 382,500 180,e00 205, e00 98,300 93,600 $445,440 $542,450 Retained earnings

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