(Question and Answer): [The following information applies to the questions displayed below Summary information on the financial statements o

[The following information applies to the questions displayed below Summary information on the financial statements o two companies competing in the same industry follows Barco Kyan Company Company Barco. Company Compa Data from the current year-end balance sheet:s Assets Data from the current years income statement Sales 790,000 922,200 584,100 636,500 8,400 14,000 15,185 25,459 182,315 246,241 Cash Accounts receivable, net Current notes receivable (trade) Merchandise inventory Prepaid expenses 21,000 34,000 Cost of goods sold 36.400 52,400 Interest expense 9,500 7400 Income tax expense 84,540 130,500 Net income 5,500 7.400 Basic earnings per share 280,000 311400 Cash dividends per share 4.34 6.28 Plant assets, net 3.72 3.96 436.940s 543,100 Total assets Beginning of-year balance sheet data Accounts receivable, net Liabilities and Equity s 27,800 S 54.200 $65,340 S 91,300 Current notes receivable (trade Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity 0 84800 101,000 Merchandise inventory 210,000 196,000 Total assets 76,800 154,800 Common stock, $5 par value 55,600 113,400 438,000 382,500 210,000 196,000 436,940 40s 543,100 Retained edenings 50,725 63,791
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[The following information applies to the questions displayed below Summary information on the financial statements o two companies competing in the same industry follows Barco Kyan Company Company Barco. Company Compa Data from the current year-end balance sheet:s Assets Data from the current year’s income statement Sales 790,000 922,200 584,100 636,500 8,400 14,000 15,185 25,459 182,315 246,241 Cash Accounts receivable, net Current notes receivable (trade) Merchandise inventory Prepaid expenses 21,000 34,000 Cost of goods sold 36.400 52,400 Interest expense 9,500 7400 Income tax expense 84,540 130,500 Net income 5,500 7.400 Basic earnings per share 280,000 311400 Cash dividends per share 4.34 6.28 Plant assets, net 3.72 3.96 436.940s 543,100 Total assets Beginning of-year balance sheet data Accounts receivable, net Liabilities and Equity s 27,800 S 54.200 $65,340 S 91,300 Current notes receivable (trade Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity 0 84800 101,000 Merchandise inventory 210,000 196,000 Total assets 76,800 154,800 Common stock, $5 par value 55,600 113,400 438,000 382,500 210,000 196,000 436,940 40s 543,100 Retained edenings 50,725 63,791

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