subject
Business, 15.07.2020 01:01 kitttimothy55

Barco Company Kyan Company Barco Company Kyan CompanyData from the current year-end balance sheets Data from the current year's income statement Assets Sales $770,000 $922,200Cash $ 18,500 35,000 Cost of goods sold 591,100 636,500Accounts receivable, net 38,400 51,400 Interest expense 8,700 16,000Current notes receivable (trade) 9,600 8,600 Income tax expense 14,800 25,459Merchandise inventory 84,940 128,500 Net income 155,400 244,241Prepaid expenses 5,900 7,800 Basic earnings per share 4.57 5.40Plant assets, net 310,000 306,400 Cash dividends per share 3.73 3.98Total assets $467,340 $537,700 Beginning-of-year balance sheet data Liabilities and Equity Accounts receivable, net $ 30,800 51,200Current liabilities 66,340 $100,300 Current notes receivable (trade) Long-term notes payable 78,800 105,000 Merchandise inventory 55,600 105,400Common stock, $5 par value 170,000 226,000 Total assets 388,000 372,500Retained earnings 152,200 106,400 Common stock, $5 par value 170,000 226,000Total liabilities and equity $467,340 $537,700 Retained earnings 123,620 42,055For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover, (e) days’ sales in inventory, and (f) days’ sales uncollected.(a) Current Ratio CompanyChoose Numerator:IChoose Denominator:=Current Ratio
Current assets/ =Current ratio
Barco / =0 to 1
Kyan / =0 to 1
(b) Acid-Test Ratio
CompanyChoose Numerator:IChoose Denominator:=Acid-Test Ratio
/ =Acid-Test Ratio
Barco / =0 to 1
Kyan / =0 to 1
(c) Accounts Receivable Turnover
CompanyChoose Numerator:IChoose Denominator:=Accounts Receivable Turnover
/ =Accounts Receivable Turnover
Barco / =times
Kyan / =times
(d) Inventory Turnover
CompanyChoose Numerator:IChoose Denominator:=Inventory Turnover
/ =Inventory Turnover
Barco / =times
Kyan / =times
(e) Days' Sales in Inventory
CompanyChoose Numerator:IChoose Denominator:=Days' Sales in Inventory
/ =Days' Sales in Inventory
Barco / =days
Kyan / =days
(f) Days' Sales Uncollected
CompanyChoose Numerator:IChoose Denominator:=Days' Sales Uncollected
/ =Days' Sales Uncollected
Barco / =days
Kyan / =days

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 12:10, Marcus2935
Gwen, a manager at exude apparels inc., received a message from a customer requesting a replacement for a purchased pair of shoes. exude apparels has a clearly stated no-return policy. gwen responded to the customer denying the request in a tactful and clear manner. despite this, the customer submitted a second request. in this scenario, which of the following is an appropriate response to the second request?
Answers: 2
image
Business, 22.06.2019 20:40, ninjaben
On january 1, 2017, pharoah company issued 10-year, $2,020,000 face value, 6% bonds, at par. each $1,000 bond is convertible into 16 shares of pharoah common stock. pharoah’s net income in 2017 was $317,000, and its tax rate was 40%. the company had 97,000 shares of common stock outstanding throughout 2017. none of the bonds were converted in 2017. (a) compute diluted earnings per share for 2017. (round answer to 2 decimal places, e. g. $2.55.) diluted earnings per share
Answers: 3
image
Business, 22.06.2019 21:20, danielahumajova6
In a market economy, supply and demand are important because theya. (i) play a critical role in the allocation of the economy's scarce resources. b. (ii) determine how much of each good gets produced. c. (iii) can be used to predict the impact on the economy of various events and policies. d. all of (i), (ii), and (iii) are correct.
Answers: 3
image
Business, 23.06.2019 00:00, zhellyyyyy
The gorman group is a financial planning services firm owned and operated by nicole gorman. as of october 31, 2016, the end of the fiscal year, the accountant for the gorman group prepared an end-of-period spreadsheet, part of which follows:
Answers: 2
You know the right answer?
Barco Company Kyan Company Barco Company Kyan CompanyData from the current year-end balance sheets D...

Questions in other subjects: