Required information [The following information applies to the questions displayed below.] Summary information from the

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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 Kyan Company Company Data from the current year-end balance sheets Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $ 18,000 $ 30,000 38, 400 84, 640 5,500 52, 400 130, 500 7,150 340,000 312, 400 $486,540 $532, 450 S 65,340 S 91, 300 82,800 180,000 111, 000 216,000 158, 400 114, 150 $486,540 $532, 450 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 Barco Company Total assets Common stock, $5 par value Retained earnings $790,000 586, 100 8,000 15, 185 180, 715 5.02 3.72 $ 30,800 61, 600 458,000 180,000 111, 605 Kyan Company $885, 200 646, 500 11,000 24,438 203, 262 4.71 4.02 $ 53,200 107, 400 422,500 216,000 84, 552 PEN

Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test Ratio Ratio For both companies compute the current ratio. (a) Company Choose Numerator: Current assets Barco Kyan 1A Acct Rec Turn 1A Invent Turnover 7 ! 1A Days Sal in Inv Current Ratio /Choose Denominator: Current liabilities 1A Days Sal Uncol ||||| 1B short term Current Ratio Current ratio 1A Acid Test Ratio to 1 to 1 >

Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test 1A Acct Rec Ratio Ratio Turn For both companies compute the acid-test ratio. (b) Company Barco Kyan + + t 1A Invent Turnover Choose Numerator: 1A Days Sal in 1A Days Sal Inv Uncol + + K Acid-Test Ratio 1A Current Ratio 1 Y / 1B short term Choose Denominator: LA Acct Rec Turn II Il Acid-Test Ratio Acid-test ratio 0 to 1 0 to 1

Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test 1A Acct Rec Ratio Ratio 1A Invent 1A Days Sal in Turnover Inv Turn For both companies compute the accounts (including notes) receivable turnover. (c) Company Choose Numerator: Barco Kyan J 1 Accounts Receivable Turnover Choose Denominator: <1A Acid Test Ratio 1A Days Sal Uncol ||||| 1B short term Accounts Receivable Turnover = Accounts receivable turnover 0 times 0 times 1A Invent Turnover >

1A Current 1A Acid Test 1A Acct Rec Ratio Ratio Turn For both companies compute the inventory turnover. (d) Company Choose Numerator: Barco Kyan T 1A Invent Turnover ✓ In the tabs below. Inventory Turnover Choose Denominator: <1A Acct Rec Turn 1A Days Sal in Inv IL 1A Days Sal Uncol Inventory Turnover Inventory turnover 0 times 0 times LA Days Sal in Inv > 1B short term

Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test Ratio Ratio (e) Company Choose Numerator: 1A Acct Rec Turn For both companies compute the days' sales in inventory. Barco Kyan 1A Invent 1A Days Sal in Turnover Inv 7 J 1 Days' Sales in Inventory /Choose Denominator: 1A Invent Turnover X EX X 1A Days Sal Uncol X Days II 1B short term Days' Sales in Inventory Days' sales in inventory 0 days 0 days LA Days Sal Uncol >

Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test 1A Acct Rec Ratio Ratio Turn For both companies compute the days' sales uncollected. (0) CompanyChoose Numerator: Barco Kyan 1A Invent 1A Days Sal in Turnover Inv V /Choose Denominator: Days Sales Uncollected cam <1A Days Sal in Inv 1A Days Sal Uncol X X X X Days - || 1B short term Days Sales Uncollected Days' sales uncollected 0 days 0 days 1B short term

Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test 1A Acct Rec Ratio Ratio Turn 1A Invent Turnover Identify the company you consider to be the better short-term credit risk. Better short-term credit risk 1A Days Sal in 1A Days Sal Inv Uncol < 1A Days Sal Uncol 1B short term