Question: please help me answer all parts to this question Required Information {The following information applies to the questions displayed below) Summary Information from the financial







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 Ryan Company Company Data from the current year-end balance sheets Assets Cash $ 19,500 $ 34,000 Accounts receivable, net 37,400 57.400 Current notes receivable (trade) 9,100 7,200 Merchandise inventory 84,440 132,500 Prepaid expenses 5,000 6,950 plant assets, net 290,000 304,400 Total ansets $445,440 $542.450 Barco Kyan Company Company Data from the current year's income statement Sales $770,000 880,200 Cost of goods sold 585,100 632,500 Interest expense 7.900 13,000 Income tax expense 14,800 24,300 Net income 162,200 210,400 Basic samnings per share Cash dividends per share 3.81 3.93 Liabilities and Equity Current liabilities Long-term notes payable Common stock, 65 par value Retained earnings Total liabilities and equity $ 61,340 $ 93,300 80,800 101,000 180,000 206,000 123,300 142,150 $445,440 $542,450 Beginning-of-year balance sheet data Accounts receivable, net Current notes receivable (trade) Merchandise inventory Total asset Common stock, $5 par value Retained earnings $ 29,800 $ 54,200 0 55,600 107,400 398,000 382,500 180,000 206,000 98,300 93,600 Required: 1a. For both companies compute the (a) current ratio. (b) acid-test ratio, (accounts (including notes) receivable turnover (c) inventory turnover (c) days' sales in inventory, and (days' sales uncollected. (Do not round Intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk. Answer is not complete. Complete this question by entering your answers in the tabs below. 1A Current Ratio 1A Acid Test 1A Acct Rec Ratio Tum 1A Invent Turnover 1A Days Sal in 1A Days Sal Inv Uncol 18 short term For both companies compute the current ratio. (a) Company Choose Numerator Current assets Current Ratio Choose Denominator Current liabilities S 66,340 - IS 99,300 - Current Ratio Current ratio 2.5 to 1 2.4 Barco Kyan $ $ 183,340 242,7003 tot 1A Acid Test Ratio > of 2 Answer is not complete. Complete this question by entering your answers in the tabs below. 1A Current Ratio 1A Add Test Ratio 1A Acct Rec Tum 1A Invent Turnover 1A Days Salin 1A Days Sal Iny Uncol 13 short term For both companies compute the acid-test ratio. Acid-Test Ratio Company Choose Numerator Short-term investments 38,400 Choose Denominator Current liabilities Cash Current receivables 9,100 31 Acid-Test Ratio Acid-test ratio to 1.1 Barco $ 20,500 - S + S S 64,340 - Kyan 1 S 33,000 $ 58,400 $ 7,600 $ 94,300 1.0 to 1 Complete this question by entering your answers in the tabs below. 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Salin 1A Days Sal Inv Uncol 1B short term For both companies compute the days' sales uncollected. (6) Company Choose Numerator: Days' Sales Uncollected Choose X Denominator: Days X Days' Sales Uncollected Days' sales uncollected 0 days O days Barco Kyan X 1A Days Salin Inv 18 short term Complete this question by entering your answers in the tabs below. 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in Iny 1 A Days Sal Uncol 1B short term Identify the company you consider to be the better short-term credit risk. Better short-term credit risk 1A Days Sal Uncol
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