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 Company Kyan Company Data from the current year end balance sheets Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total sets Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 20,500 38, 400 84,940 5, 700 370, 000 $ 519, 540 $ 66, 340 83, 800 200,000 169, 400 $ 519, 540 $ 33,000 56, 400 128, 500 7, 050 307, 400 $ 532, 350 $ 101, 300 101, 000 206, 000 124, 050 $ 532, 350 Data from the current year' s income statement Sales Cost of goods sold Interest expense Income tax expense Net income Basic earnings per share Cash dividends per share Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings Barco Company Kyan Company Complete this question by entering your answers in the tabs below. $ 780,000 593, 100 7,700 14, 992 164, 208 4.11 3.73 $ 29,800 63, 600 448, 000 200,000 154, 392 $ 887, 200 642, 500 17,000' 24, 493 203, 207 4.93 3.93 $ 51, 200 109, 400 402, 500 206, 000 82, 759 Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover, (e) days' sales in inventory, and (f) days' sales uncollected. Note: Do not round intermediate calculations. 1b. Identify the company you consider to be the better short-term credit risk.
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. Required: 13. For both companies compute the (d) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover, (e) days' sales in inventory, and ( ) days' sales uncollected. Note: 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. Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, ( ( ) accounts receivable turnover, (d) sales in inventory, and ( ) days' sales uncollected. Note: 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. For both companies compute the current ratio. Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio. (c) accounts recelvable turnover, ( ( ) inventory turnover. (c) days' sales in inventory, and (\$) days' sales uncollected. Note: Do not round intermedlate calculations. 16. Identify the company you consider to be the better short-term credit risk. Complete this question by entering your answers in the tabs below. For both companies compute the acid-test ratio, 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. Required: 13. For both companies compute the (d) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover, (e) days' sales in inventory, and ( ) days' sales uncollected. Note: 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. Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, ( ( ) accounts receivable turnover, (d) sales in inventory, and ( ) days' sales uncollected. Note: 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. For both companies compute the current ratio. Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio. (c) accounts recelvable turnover, ( ( ) inventory turnover. (c) days' sales in inventory, and (\$) days' sales uncollected. Note: Do not round intermedlate calculations. 16. Identify the company you consider to be the better short-term credit risk. Complete this question by entering your answers in the tabs below. For both companies compute the acid-test ratio
