Question: Need help ASAP Required information Problem 13-5A (Algo) Comparative ratio analysis LO P3 [The following information applies to the questions displayed below) Summary information from

Need help ASAP
Need help ASAP Required information Problem 13-5A (Algo) Comparative ratio analysis LO
P3 [The following information applies to the questions displayed below) Summary information

Required information Problem 13-5A (Algo) Comparative ratio analysis LO P3 [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 Barco Kyan Company Company Company Company Data from the current year-end Data from the current year's balance sheets income statement Assets Sales $ 790,000 $ 894,200 Cash $ 19,000 $ 33,800 Cost of goods sold 583,100 648,500 Accounts receivable, net 37,400 52,400 Interest expense 9,000 17,000 Merchandise inventory 84,240 140,500 Income tax expense 15,185 24, 686 Prepaid expenses 5,300 7,650 Net income 182,715 204,014 Plant assets, net 350,000 307,400 Basic earnings per share 4.81 4.95 Total assets $ 495,940 $540,958 Cash dividends per share 3.74 3.92 Liabilities and Equity Beginning-of-year balance sheet data Current liabilities $ 70,340 $ 102,300 Accounts receivable, net $ 31,800 $ 54,200 Long-term notes payable 81,800 113,000 Merchandise inventory 53,600 109,400 Conton stock, $5 par value 190,000 206,000 Total assets 388,000 362,500 Retained earnings 153,800 119,650 Common stock, $5 par value 190,000 206,000 Total liabilities and equity $ 495,940 $548,950 Retained earnings 113,205 77, 140 Problem 13-5A (Algo) Part 1 uestion by entering your answers in the tabs below. 56 1B short term 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal in 1A Days Sal Ratio Ratio Turn Turnover Inv Uncol For both companies compute the accounts (including notes) receivable turnover. (c) Company Numerator: Accounts Receivable Turnover Denominator: Accounts Receivable Turnover Accounts receivable turnover = Barco / 11 0 times Kyan / = 0 times

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