Required information Problem 13-5A 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 Company Kyan Barco Xyan Company Company Data from the current year-end balance sheets Assets Data from the current year's income statement Sales $760,000 $917,200 Cash $20,000 $37,000 Accounts receivable, net 36,400 84,740 5,600 53,400 Cost of goods sold Interest expense 594,100 650,500 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 300,000 $446,740 $538,300 $ 69,340 $ 99,300 109,000 226,000 84,800 210,000 82,600 104,000 $446,740 $538,300) Cash dividends per share Beginning-of-year balance sheet data. Accounts receivable, not Merchandise inventory Total assets Common stock, $5 par value Retained earnings 128,500 Income tax expense 8,000 14,608 16,000 7,000 312,400 Net income 143,292 25,321 225,379 Basic earnings per share 3.41 4.99 3.79 3.98 $ 29,800 $54,200 65,600 107,400 418,000 372,500 210,000 226,000 98,488 58,517 Problem 13-5A 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 () days' sales uncollected. (Do not round intermediate calculations.) < Prev 3 4 of 5 Next