MC 2022 FALL-ACC112 30008 X Question 1 - Final Exam - Conn X Track & Trace Express - DHL - X Xem Phim Hop Dong Tinh You X + C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%25... Final Exam i Saved Help Save & Exit Submit 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. Part 1 of 2 Barco Kyan Barco Kyan Company Company Company Company Data from the current year-end Data from the current year's Skipped balance sheets income statement Assets Sales $ 770, 000 $ 891, 200 Cash $ 21, 500 $ 37, 000 Cost of goods sold 589, 100 638 , 500 Accounts receivable, net 37, 40 57 , 400 Interest expense 7, 600 16 , 000 Merchandise inventory 84 , 840 134 , 500 Income tax expense 14, 800 24, 603 Prepaid expenses 6, 000 6, 900 Net income 158 , 500 212, 097 Plant assets, net 330, 000 312 , 400 Basic earnings per share 4.17 4. 49 Total assets $ 479, 740 $ 548, 200 Cash dividends per share 3. 72 3.97 Liabilities and Equity Beginning-of-year balance sheet data Current liabilities $ 64, 340 $ 92, 300 Accounts receivable, net $ 27, 800 $ 50, 200 Long-term notes payable 81 , 800 99 , 000 Merchandise inventory 65 , 600 105 , 400 Common stock, $5 par value 190 , 000 236, 000 Total assets 158, 000 362 , 500 Retained earnings 143, 60 120, 900 Common stock, $5 par value 190 , 000 236, 000 Total liabilities and equity $ 479, 740 $ 548, 200 Retained earnings 126, 460 96 , 187 Required: la. 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. (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. 1 1 Currant 1 1 Amid Tart 1 1 Amat Dar 1 A Dour Cal in 1 1 Dour Cal Mc Graw Prev 1 2 of 2 Next > HillMC 2022 FALL-ACC112 30008 X Question 1 - Final Exam - Conn X - Track & Trace Express - DHL - X Xem Phim Hop Dong Tinh You X + C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%25... Final Exam i Saved Help Save & Exit Submit Liabilities and Equity Beginning-of-year balance sheet lata Current liabilities $ 64, 340 $ 92, 300 Accounts receivable, net $ 27, 800 $ 50, 200 Long-term notes payable 81 , 800 99 , 000 Merchandise inventory 65 , 600 105 , 400 Common stock, $5 par value 190 , 000 236, 000 Total assets 458 , 000 52, 500 Retained earnings 143, 600 120 , 900 Common stock, $5 par value 190 , 000 236, 000 Total liabilities and equity $ 479, 740 $ 548,200 Retained earnings 126, 460 96 , 187 Part 1 of 2 Required: la. 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. (Do not round intermediate calculations.) Skipped 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 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal Ratio Turn Turnover Inv 1B short term Ratio Uncol For both companies compute the current ratio. (a) Current Ratio Company Numerator: 1 Denominator: = Current Ratio Current ratio Barco 0 to 1 Kyan 0 to 1 1 ' Mc Graw HillMC 2022 FALL-ACC112 30008 X Question 1 - Final Exam - Conn X - Track & Trace Express - DHL - X Xem Phim Hop Dong Tinh You X + C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%25... Final Exam i Saved Help Save & Exit Submit Liabilities and Equity Beginning-of-year balance sheet lata Current liabilities $ 64, 340 $ 92, 300 Accounts receivable, net $ 27, 800 $ 50, 200 Long-term notes payable 81 , 800 99 , 000 Merchandise inventory 65 , 600 105 , 400 Common stock, $5 par value 190 , 000 236, 000 Total assets 458 , 000 52, 500 Retained earnings 143, 600 120 , 900 Common stock, $5 par value 190 , 000 236, 000 Total liabilities and equity $ 479, 740 $ 548,200 Retained earnings 126, 460 96 , 187 Part 1 of 2 Required: la. 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. (Do not round intermediate calculations.) Skipped 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 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal Ratio Inv Uncol 1B short term Ratio Turn Turnover For both companies compute the acid-test ratio. (b) Acid-Test Ratio Company Numerator: Denominator: = Acid-Test Ratio 11 Acid-test ratio + + Barco 0 to 1 Kyan 0 to 1 Mc Graw HillMC 2022 FALL-ACC112 30008 X Question 1 - Final Exam - Conn X - Track & Trace Express - DHL - X Xem Phim Hop Dong Tinh You X + C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%25... Final Exam i Saved Help Save & Exit Submit Liabilities and Equity Beginning-of-year balance sheet lata Current liabilities $ 64, 340 $ 92, 300 Accounts receivable, net $ 27, 800 $ 50, 200 Long-term notes payable 81 , 800 99 , 000 Merchandise inventory 65 , 600 105 , 400 Common stock, $5 par value 190 , 000 236, 000 Total assets 458 , 000 52, 500 Retained earnings 143, 600 120 , 900 Common stock, $5 par value 190 , 000 236, 000 Total liabilities and equity $ 479, 740 $ 548,200 Retained earnings 126, 460 96 , 187 Part 1 of 2 Required: la. 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. (Do not round intermediate calculations.) Skipped 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 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal Ratio Ratio Turn Turnover Inv Uncol 1B short term For both companies compute the accounts (including notes) receivable turnover. (c) Accounts Receivable Turnover Company Numerator: Denominator: = Accounts Receivable Turnover Accounts receivable turnover 11 11 Barco 0 times Kyan 0 times 1A Acid Test Ratio 1A Invent Turnover > Mc - Graw HillMC 2022 FALL-ACC112 30008 X Question 1 - Final Exam - Conn X - Track & Trace Express - DHL - X Xem Phim Hop Dong Tinh You X + C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%25... Final Exam i Saved Help Save & Exit Submit Liabilities and Equity Beginning-of-year balance sheet lata Current liabilities $ 64, 340 $ 92, 300 Accounts receivable, net $ 27, 800 $ 50, 200 Long-term notes payable 81 , 800 99 , 000 Merchandise inventory 65 , 600 105 , 400 Common stock, $5 par value 190 , 000 236, 000 Total assets 458 , 000 52, 500 Retained earnings 143, 600 120 , 900 Common stock, $5 par value 190 , 000 236, 000 Total liabilities and equity $ 479, 740 $ 548,200 Retained earnings 126, 460 96 , 187 Part 1 of 2 Required: la. 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. (Do not round intermediate calculations.) Skipped 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 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal Ratio Ratio Turn Turnover Inv Uncol 1B short term For both companies compute the inventory turnover. (d) Inventory Turnover Company Numerator: Denominator: = Inventory Turnover = Inventory turnover Barco times Kyan 0 times 1A Acct Rec Turn 1A Days Sal in Inv Mc - Graw HillMC 2022 FALL-ACC112 30008 X Question 1 - Final Exam - Conn X - Track & Trace Express - DHL - X Xem Phim Hop Dong Tinh You X + C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%25... Final Exam i Saved Help Save & Exit Submit Liabilities and Equity Beginning-of-year balance sheet lata Current liabilities $ 64, 340 $ 92, 300 Accounts receivable, net $ 27, 800 $ 50, 200 Long-term notes payable 81 , 800 99 , 000 Merchandise inventory 65 , 600 105 , 400 Common stock, $5 par value 190 , 000 236, 000 Total assets 458 , 000 52, 500 Retained earnings 143, 600 120 , 900 Common stock, $5 par value 190 , 000 236, 000 Total liabilities and equity $ 479, 740 $ 548,200 Retained earnings 126, 460 96 , 187 Part 1 of 2 Required: la. 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. (Do not round intermediate calculations.) Skipped 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 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal Ratio Ratio Turn Turnover 1B short term Inv Uncol For both companies compute the days' sales in inventory. (e) Days' Sales in Inventory. Company Numerator: Denominator: x Days = Days' Sales in Inventory - - X Days' sales in inventory Barco x 0 days X Kyan 0 days HillMC 2022 FALL-ACC112 30008 X Question 1 - Final Exam - Conn X - Track & Trace Express - DHL - X Xem Phim Hop Dong Tinh You X + C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%25... Final Exam i Saved Help Save & Exit Submit Liabilities and Equity Beginning-of-year balance sheet lata Current liabilities $ 64, 340 $ 92, 300 Accounts receivable, net $ 27, 800 $ 50, 200 Long-term notes payable 81 , 800 99 , 000 Merchandise inventory 65 , 600 105 , 400 Common stock, $5 par value 190 , 000 236, 000 Total assets 458 , 000 52, 500 Retained earnings 143, 600 120 , 900 Common stock, $5 par value 190 , 000 236, 000 Total liabilities and equity $ 479, 740 $ 548,200 Retained earnings 126, 460 96 , 187 Part 1 of 2 Required: la. 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. (Do not round intermediate calculations.) Skipped 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 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal Ratio Ratio Turn Turnover Inv Uncol 1B short term For both companies compute the days' sales uncollected. (f) Days' Sales Uncollected Company Numerator: 1 Denominator: x Days = Days' Sales Uncollected X Days' sales uncollected 11 11 Barco X days Kyan X 0 days HillMC 2022 FALL-ACC112 30008 X Question 1 - Final Exam - Conn X - Track & Trace Express - DHL - X Xem Phim Hop Dong Tinh You X + C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%25... Final Exam i Saved Help Save & Exit Submit Liabilities and Equity Beginning-of-year balance sheet lata Current liabilities $ 64, 340 $ 92, 300 Accounts receivable, net $ 27, 800 $ 50, 200 Long-term notes payable 81 , 800 99 , 000 Merchandise inventory 65 , 600 105 , 400 Common stock, $5 par value 190 , 000 236, 000 Total assets 458 , 000 52, 500 Retained earnings 143, 600 120 , 900 Common stock, $5 par value 190 , 000 236, 000 Total liabilities and equity $ 479, 740 $ 548,200 Retained earnings 126, 460 96 , 187 Part 1 of 2 Required: la. 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. (Do not round intermediate calculations.) Skipped 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 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal Ratio Ratio Turn Turnover Inv Uncol 1B short term Identify the company you consider to be the better short-term credit risk. Better short-term credit risk Hill