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

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

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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. 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 Required: Barco. Company $ 20,500 33,400 84,640 6,000 330,000 $ 474,540 $ 63,340 81,800 190,000 139,400 $ 474,540 Kyan Company $ 31,000 59,400 134,500 Data from the current year's income statement Sales Cost of goods sold Interest expense 7,500 Income tax expense Net income 304,400 Basic earnings per share $536,800 $ 99,300 111,000 206,000 120,500 $536,800 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 $ 770,000 588,100 7,700 14,800 159,400 4.19 3.76 $ 26,800 59,600 408,000 190,000 122,880. Kyan Company $902,200 644,500 11,000 24,90 221,793 5.38 3.98 $ 52,200 111,400 402, 500 206,000 62,683
art 1 of 2 3.33 pints 00:58:15 eBook 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 current ratio. (0) Company Barco Kyan Numerator: Current assets 1A Invent 1A Days Sal in 1A Days Sal Turnover Inv Uncol Current Ratio Denominator: Current liabilities <1A Current Ratio W = = 18 short term: Current Ratio Current ratio 0 to 1 0 to 1 1A Acid Test Ratio >
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 Cash 1A Invent 1A Days Sal in 1A Days Sal Turnover Inv Uncol Numerator: Short-term investments Acid-Test Ratio Current receivables < 1A Current Ratio 18 short term 7 Denominator: Current liabilities 1A Acct Rec Turn > -Acid-Test Ratio Acid-test ratio 0 to 1 0 to 1
2 57:45 ok 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 1A Days Sal Turnover Inv Turn Uncol For both companies compute the accounts (including notes) receivable turnover. Accounts Receivable Turnover (c) Company Barco Kyan Numerator: Net sales 1 1 Denominator: Average accounts receivable, net < 1A Acid Test Ratio 18 short term Accounts Receivable Turnover Accounts receivable turnover 0 times 0 times 1A Invent Turnover >
1 Part 1 of 2 33.33 points 8 00:57:35 eBook Required information Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test 1A Acct Rec Ratio Ratio 1A Invent Turnover Turn For both companies compute the inventory turnover. (d) Company. Barco Kyan Numerator: Cost of goods sold 1 1 1 Inventory Turnover Denominator: Average inventory < 1A Acct Rec Turn 1A Days Sal in 1A Days Sal Inv Uncol = Inventory Turnover Inventory turnover 0 times 0 times 18 short term 1A Days Sal in Inv >
12 57:22 bok Required information Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test Ratio Ratio For both companies compute the days' sales in inventory. (e) Company Barco Kyan 1A Acct Rec Turn Numerator: Ending merchandise inventory 7 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol Days' Sales in Inventory Denominator: Cost of goods sold < 1A Invent Turnover Days 18 short term Days' Sales in Inventory Days' sales in inventory 0 days 0 days 1A Days Sal Uncol > Help Save & Exit
of 2 0:57:12 Book Complete this question by entering your answers in the tabs below. ▲ 1A Current 1A Acid Test 1A Acct Rec 1A Invent Ratio Turnover Ratio Turn For both companies compute the days' sales uncollected. (1) Company Barco Kyan Numerator: Accounts receivable, net 1 1 Net sales 1A Days Sal in 1A Days Sal Inv Uncol Days Sales Uncollected Denominator: 1A Days Salin Inv Days 18 short term Days' Sales Uncollected Days' sales uncollected 0 days 0 days 1Bort term >
Quiz of 2 0:57:01 ook Required information Complete this question by entering your answers in the tabs below. 1A Current 1A Acid Test Ratio Ratio Identify the company you Better short-term credit risk 1A Acct Rec Turn Saved 1A Invent 1A Days Sal in 1A Days Sal Turnover Inv Uncol consider to be the better short-term credit risk. Barco company < 1A Days Sal Uncol 18 short term 18 short term > Help Save & Exit
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