of 21 Required information Problem 17-5A (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 Company Xyan Company Barco Company Company Data from the current year-end Data from the current year's balance sheets income statement Assets Sales Cash $19,000 Accounts receivable, net 36,400 Merchandise inventory 84,240 $ 34,000 59,400 132,500 Cost of goods sold $800,000 592,100 $ 880,200 638,500 Interest expense 7,700 13,000 Income tax expense 15,377 24,300 int Prepaid expenses Plant assets, net 5,200 280,000 7,850) Net income 104,823 204,400 313,400 Basic earnings per share 5.13 5.21 ences Total assets Liabilities and Equity Long-term notes payable Connon stock, $5 par value Retained earnings Total liabilities and equity $424,040 5 547,150) Cash dividends per share Beginning-of-year balance sheet 3.72 4.02 data Current liabilities $70,340 $92,300 Accounts receivable, net $25,00 $56,200 80,000 103,000 Merchandise inventory 55,600 109,400 180,000 196,000 Total assets 448,000 392,500 93,700 $424,040 155,850 Conson stock, $5 par value 100.000 196,000 $ 547,150 Retained earnings 42,797 109,034 Problem 17-5A (Algo) Part 1 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 (5 days' sales uncollected. (Do not round intermediate calculations.)