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pter 17 Assignment i Summary Information from the financial statements of two companies competing in the same industry follows. + 1 of 2 Barco Kyan Barco Kyan Company Company Company Company Data from the current year-end balance sheets Data from the current year's income statement Assets Sales $790,000 $ 889 200 Cash $ 22,000 31000 Cost of goods sold 589,100 646,500 Accounts receivable, net 34,400 51,400 Interest expense 8,300 11,000 Current notes receivable (trade) 9,200 7.400 Income tax expense 15,185 24,548 Merchandise inventory 84,940 136,500 Net income 177,415 207,152 Prepaid expenses 5,400 7,050 Basic earnings per share 5.22 4.80 340,000 304.400 Cash dividends per share Plant assets, net 3.74 3.97 eBook Print References Total assets s 495,940 $ 537750 Beginning-of-year balance sheet data Liabilities and Equity Accounts receivable, net $ 25,800 $ 55,200 $70,340 $ 91,300 Current notes receivable Current liabilities (trade) 86,800 107000 Merchandise inventory Long-term notes payable 65,600 113.400 170,000 Common stock, $5 par value 216,000 Total assets 392,500 458,000 Retained earnings 168.800 123 450 Common stock, $5 par 170,000 216,000 value Total liabilities and equity $ $ 537,750 Retained earnings 118,545 87,802 Acid.Test Ratio (b) Company Choose Numerator: Choose Denominator: - Acid Test Ratio Acid-test ratio Barco O to 1 Kyan Oto 1 search (c) Company Choose Numerator: Net sales Barco Kyan Accounts Receivable Turnover Choose Denominator: Average accounts receivable, net = 1 Accounts Receivable Turnover Accounts receivable turnover 0 times 0 times (d) Company Choose Numerator: Inventory Turnover Choose Denominator: Inventory Turnover Inventory turnover times Barco Kyan times (e) Days' Sales In Inventory Choose Denominator: X Days Company Choose Numerator: - Days' Sales in Inventory = Days' sales in inventory days Barco Kyan days Prey 45 of 5 Next > Days' Sales Uncollected Choose Denominator: * Days Company Choose Numerator: - = Days' Sales Uncollected Days' sales uncollected days days Barco Kyan

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