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Missed lecture, I am very confused about this first problem, please complete and explain steps

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 Company Data from the current year-end balance sheets Kyan Company Company Cash Accounts receivable, net Current notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 19,000 $33,000 38. 0 51.000 9. 100 8.600 84.240 1.36,500 5.500 6.950 320,000 305, 400 $476,240 $541.se Company Data from the current years income statement Sales $810,000 Cost of goods sold 595,180 Interest expense 8.600 Income tax expense 15,569 Net income 191,331 Basic earnings per share 4.75 Cash dividends per share 3.77 $920,200 634.500 13.000 25,404 247,296 5.24 3.95 $ 31,800 $ 54.200 Liabilities and Equity Current liabilities Long-tere notes payable Common stock, 55 par value Retained earnings Total liabilities and equity $ 69,340 $ 95,300 85,00 113. Bee 200,000 236,800 121,100 97,55e $476,240 $541,850 Beginning-of-year balance sheet data Accounts receivable, net Current notes receivable (trade) Merchandise inventory Total assets Common stock, 55 par value Retained earnings 59,680 448,800 200,890 80,569 115.400 422,500 236.000 36,694 Required: 10. For both companies compute the current ratio, (b) acid-test ratio. ( accounts (including notes) receivable turnover ( turnover (el days' sales in inventory, and (days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be better short-term credit risk inventory Required: 10. For both companies compute the () current ratio, (b) acid-test ratio, (accounts (including notes) receivable turnover turnover, (e) days' sales in inventory, and (1) days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be better short-term credit risk. 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 Inv 1A Days Sal Uncol Reg 1B For both companies compute the current ratio. Current Ratio Choose Denominator: Company Choose Numerator: - Current Ratio Current ratio Barco Kyan 1A Current Ratio 1A Acid Test Ratio > Required: 1o. For both companies compute the current ratio, (b) acid-test ratio, accounts (including notes) receivable turnover, () Inventory turnover (e days' sales in inventory, and (days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be better short-term credit risk. Complete this question by entering your answers in the tabs below. 1A Current Ratio 1A Acid Test Satio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in 1A Days Sal Uncol Req 1B Inv For both companies compute the acid-test ratio. Acid-Test Ratio Company Choose Numerator: Choose Denominator: Acid-Test Ratio Acid test ratio Barco Kyan 52 1o. For both companies compute the (a) current ratio. (b) acid-test ratio, accounts (including notes) receivable turnover (Inventory turnover, (e) days' sales in inventory, and (1 days' sales uncollected. (Do not round intermediate calculations.) Tb. Identify the company you consider to be better short-term credit risk. Complete this question by entering your answers in the tabs below. Ratio Reg 1B 1A Current 1A Acid Test A Acct Rec 1A Invent1A Days Sal in 1A Days Sal Ratio Tum turnover Iny Uncol 1A Acct Rec Turn For both companies compute the accounts (including notes) receivable turnover. (c) Company Choose Numerator: Accounts Receivable Turnover Choose Denominator: - Accounts Receivable Turnover = Accounts receivable turnover Barco times Kyan times Required: 1o. For both companies compute the (a) current ratio, (b) acid-test ratio, accounts (including notes) receivable turnover (Inventory turnover, (e) days' sales in inventory, and days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be better short-term credit risk Complete this question by entering your answers in the tabs below. 1A Days Sal Uncol Reg 1B 1A Current 1A Acid Test 1A Acct Rec 1A Invent 1A Days Sal in Ratio Ratio Turn Turnovec Inv 1A Invent Turnover For both companies compute the inventory turnover. (d) Company Choose Numerator: Inventory Turnover Choose Denominator: - Inventory Turnover Inventory turnover Barco times Kyan times Required: 1o. For both companies compute the (a current ratio. (b) acid-test ratio, id accounts (including notes) receivable turnover. Id Inventory turnover, (e) days' sales in inventory, and (days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be better short-term credit risk 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 1A Days Sal Iny Uncol Reg 1B For both companies compute the days' sales in inventory le) Days' Sales In Inventory / Choose Denominator: x Company Choose Numerator Days = Days' Sales in Inventory Days' sales in inventory days days Barco Kyan Required: 1o. For both companies compute the (a) current ratio, (b) acid-test ratio, ( accounts (including notes) receivable turnover (Inventory turnover (c) days' sales in Inventory, and days' sales uncollected. (Do not round Intermediate calculations.) 1b. Identify the company you consider to be better short-term credit risk 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 1 Days Sa Uncol Reg 15 Iny For both companies compute the days' sales uncollected. Days' Sales Uncollected Choose Denominator: Company Choose Numerator: Days - Days' Sales Uncollected = Days' sales uncollected days days Barco Kyan 102 Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts (inclu turnover, (e) days' sales in inventory, and (days' sales uncollected. (Do not round intern 1b. Identify the company you consider to be better short-term credit risk. Complete this question by entering your answers in the tabs below. took int 1A Current Ratio 1A Acid Test Ratio 1A Acct Rec Turn 1A Invent Turnover 1A Days Sal in Inv 1A Days Sal Uncol Re ences Identify the company you consider to be the better short-term credit risk. Better short-term credit risk

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