Summary information from the financial statements of two companies competing in the same industry follows. Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 18,500 $ 35,000 Accounts receivable, net 34,400 52,400 Merchandise inventory 84,440 142,500 Prepaid expenses 6,100 7,300 Plant assets, net 310,000 313,400 Total assets $453,440 $ 550,600 Barco Kyan Company Company Data from the current year's income statement Sales $ 780,000 $885,200 Cost of goods sold 583,100 632,500 Interest expense 16,000 Income tax expense 14,992 24.438 Net income 173,208 212,262 Basic earnings per share 4.33 4.70 Cash dividends per share 3.80 3.98 8,700 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 69,340 $ 99,300 81,800 109,000 200,000 226,000 102,300 116,300 $453,440 $550,600 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings $ 27,800 $ 53,200 55,600 117,400 458,000 412,500 200,000 226,000 81,092 83.934 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 (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 Acct Rec 1A Current Ratio 1A Acid Test Ratio Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 1B short term For both companies compute the current ratio. (a) Company Choose Numerator: Current Ratio 1 Choose Denominator: 1 Current Ratio Current ratio 0 to 1 0 to 1 / Barco Kyan 1 1A Current Ratio 1A Acid Test Ratio Summary information from the financial statements of two companies competing in the same industry follows. Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 18,500 $ 35,000 Accounts receivable, net 34,400 52,400 Merchandise inventory 84,440 142,500 Prepaid expenses 6,100 7,300 Plant assets, net 310,000 313,400 Total assets $453,440 $550,600 Barco Kyan Company Company Data from the current year's income statement Sales $ 780,000 $885,200 Cost of goods sold 583,100 632,500 Interest expense 8,700 16,000 Income tax expense 14,992 24 438 Net income 173,208 212,262 Basic earnings per share 4.33 4.70 Cash dividends per share 3.80 3.98 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 69,340 $ 99,300 81,800 109,000 200,000 226,000 102,300 116,300 $453,440 $550,600 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings $ 27,800 $ 53,200 55,600 117,400 458,000 412,500 200,000 226,000 81,092 83,934 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 (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 1A Invent Turnover 1A Days Sal in Inv 1A Days Sal Uncol 1 B short term For both companies compute the acid-test ratio. (b) Acid-Test Ratio Company Choose Numerator: Choose Denominator: = Acid-Test Ratio = Acid-test ratio 0 to 1 Barco + + Kyan + + 0 to 1 1A Current Patio 1A Acct.Dec. Tum Summary information from the financial statements of two companies competing in the same industry follows. Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 18,500 $ 35,000 Accounts receivable, net 34,400 52,400 Merchandise inventory 84,440 142,500 Prepaid expenses 6,100 7,300 Plant assets, net 310,000 313,400 Total assets $453,440 $550,600 Barco Kyan Company Company Data from the current year's income statement Sales $ 780,000 $885,200 Cost of goods sold 583, 100 632 500 Interest expense 8,700 16,000 Income tax expense 14,992 24 438 Net income 173,208 212,262 Basic earnings per share 4.33 4.70 Cash dividends per share 3.80 3.98 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 69,340 $ 99,300 81,800 109,000 200,000 226,000 102,300 116,300 $453,440 $ 550,600 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings $ 27,800 $ 53,200 55,600 117,400 458,000 412,500 200,000 226,000 81,092 83,934 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 (6 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 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 1B short term For both companies compute the accounts (including notes) receivable turnover. (c) Company Choose Numerator: Accounts Receivable Turnover 1 Choose Denominator: Accounts Receivable Turnover = Accounts receivable turnover / 0 times Barco = Kyan 0 times 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 Data from the current year's income statement Assets Sales $ 780,000 $885,200 Cash $ 18,500 $ 35,000 Cost of goods sold 583,100 632,500 Accounts receivable, net 34,400 52,400 Interest expense 8,700 16,000 Merchandise inventory 84,440 142,500 Income tax expense 14,992 24, 438 Prepaid expenses 6,100 7,300 Net income 173,208 212,262 Plant assets, net 310,000 313,400 Basic earnings per share 4.33 4.70 Total assets $453,440 $ 550,600 Cash dividends per share 3.80 3.98 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 69,340 $ 99,300 81,800 109,000 200,000 226,000 102,300 116,300 $453,440 $ 550,600 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings $ 27,800 $ 53 200 55,600 117,400 458,000 412.500 200,000 226,000 81,092 83934 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 (6 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 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 1B short term For both companies compute the inventory turnover. (d) Inventory Turnover | Choose Denominator: Company Choose Numerator: 1 Inventory Turnover Inventory turnover 0 times Barco 1 Kyan / 0 times Summary information from the financial statements of two companies competing in the same industry follows. Company Company Cash Barco Kyan Company Data from the current year-end balance sheets Assets $ 18,500 $ 35,000 Accounts receivable, net 34,400 52,400 Merchandise inventory 84,440 142,500 Prepaid expenses 6,100 7,300 Plant assets, net 310,000 313,400 Total assets $453,440 $ 550, 600 Barco Kyan Company Data from the current year's income statement Sales $780,000 $885,200 Cost of goods sold 583,100 632,500 Interest expense 8,700 16,000 Income tax expense 14,992 24 438 Net income 173,208 212,262 Basic earnings per share 4.33 4.70 Cash dividends per share 3.80 3.98 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 69,340 $ 99,300 81,800 109,000 200,000 226,000 102,300 116,300 $453,440 $550,600 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings $ 27,800 $ 53,200 55,600 117,400 458,000 412,500 200,000 226,000 81,092 83,934 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 (6 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 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 1B short term For both companies compute the days' sales in inventory. (e) Company Choose Numerator: Days' Sales in Inventory 1 Choose Denominator: Days = Days' Sales in Inventory = Days' sales in inventory 0 days 0 days = Barco Kyan -