Homework Answers
Required 1 a.
Current ratio
| Company | Choose numerator | / | Choose denominator | = | Current ratio |
| Current assets | / | Current Liabilities | = | current ratio | |
| Barco | $153,040 | / | $68,340 | = | 2.23 |
| Kyan | $228,100 | / | $94,300 | = | 2.41 |
Current assets = Cash + Accounts receivable+ current notes receivable+ Inventory
Acid test ratio
| Company | Choose numerator | / | Choose denominator | = | Acid test ratio | |||||
| Cash | + | Short term investment | + | Current receivable | / | Current liabilities | = | Acid test ratio | ||
| Barco | $21,000 | + | 0 | + | $47,200 | / | $68,340 | = | 0.99 | to 1 |
| Kyan | $31,000 | + | 0 | + | $62,600 | / | $94,300 | = | 0.99 | to 1 |
Account receivable turnover
| Company | Choose numerator | / | Choose denominator | = | Account receivable turnover | |
| Net sales | / | Average accounts receivable | = | Accounts receivable turnover | ||
| Barco | $800,000 | / | $37,000 | = | 21.6 | times |
| Kyan | $920,200 | / | $60,400 | = | 15.23 | times |
Average accounts receivable = Beginning accounts receivable+ Ending accounts receivable + Beginning current note receivables+Ending current note receivables /2
Barco = 37,400+26,800+0+9,800/2 =$37,000
Kyan =54,400+58,200+0+8,200/2 =$60,400
Inventory turnover ratio
| Company | choose numerator | / | Choose denominator | = | inventory turnover | |
| Cost of goods sold | / | Average Inventory | = | Inventory turnover | ||
| Barco | $587,100 | / | $75,220 | = | 7.8 | times |
| Kyan | $634,500 | / | $122,950 | = | 5.16 | times |
Average Inventory= Beginning Inventory+ Ending inventory/2
Barco = $65,600+$84,840/2 =$75,220
Kyan = $111,400+$134,500/2=$122,950
Days sale in Inventory
| Company | Choose numerator | / | Choose denominator | × | 365 | = | Days sale in Inventory | |
| Merchandise inventory | / | Cost of goods sold | × | 365 | = | Days sale in Inventory | ||
| Barco | $84,840 | / | $587,100 | × | 365 | = | 52.7 | days |
| Kyan | $134,500 | / | $634,500 | × | 365 | = | 77.3 | days |
Days sale uncollected
| Company | choose numerator | / | choose denominator | × | 365 | = | Days sale uncollected | |
| Current receivable net | / | Net sales | × | 365 | = | Days sale uncollected | ||
| Barco | $47,200 | / | $800,000 | × | 365 | = | 21.53 | times |
| Kyan | $62,600 | / | $920,200 | × | 365 | = | 24.8 | times |
Required 1 b.
Better short term credit risk is Barco company
_____×_____
All the best
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Barco Company Data from the current year-end balance sheets Kyan Company kyan Company Cash Accounts receivable,...
Check my work Summary information from the financial statements of two companies competing in the same...
Check my work Summary information from the financial statements of two companies competing in the same industry follows. Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 20,000 $ 35,000 Accounts receivable, net 35, 400 53,400 Current notes receivable (trade) 9.500 8.400 Merchandise inventory 34,740 136,500 Prepaid expenses 5,700 7150 Plant assets, net 290,000 308,400 Total assets $445, 340 $548.850 Barco Kyan Company Company Data from the current year's income statement Sales $750,000 $878, 200...
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Required information Problem 13-5A Comparative ratio analysis LO A1, P3 [The following information applies to the...
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Required information Problem 13-5A Comparative ratio analysis LO A1, P3 [The following information applies to the...
Required information Problem 13-5A Comparative ratio analysis LO A1, 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 Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 19,500 $ 37,000 Accounts receivable, net 39,400 55,400 Current notes receivable (trade) 9,800 8,000 Merchandise inventory 84,640 132,500 Prepaid expenses 5,300 7,650 Plant assets, net 310,000 1304,400 Total assets $468,640 $544,950 Data...
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Check my work Summary information from the financial statements of two companies competing in the same industry follows. Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 20,000 $ 35,000 Accounts receivable, net 35, 400 53,400 Current notes receivable (trade) 9.500 8.400 Merchandise inventory 34,740 136,500 Prepaid expenses 5,700 7150 Plant assets, net 290,000 308,400 Total assets $445, 340 $548.850 Barco Kyan Company Company Data from the current year's income statement Sales $750,000 $878, 200...
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of 2 Summary information from the financial statements of two companies competing in the same industry follows. Sales Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 22,500 $ 35,000 Accounts receivable, net 35,400 57.400 Merchandise inventory 84,840 128,500 Prepaid expenses 5.800 7,200 Plant annets, net 320,000 309, 400 Total anseta $468,540 $537,500 Barco Kyan Company Company Data from the current year's income statement $770,000 $879,200 cost of goods sold 587,100 32,500 Interest expense 8.400...
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 Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 18,000 $ 35,000 Accounts receivable, net 40,400 54,400 Merchandise inventory 85,040 134,500 Prepaid expenses 5,500 7,750 Plant assets, net 320,000 312,400 Total assets $ 468,940 $544,050 Barco Kyan Company Company Data from the current year's income statement Sales $800,000 $882,200...
Required information Problem 13-5A Comparative ratio analysis LO A1, 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 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 $810,000 $891,200 Cash $ 18,500 $ 34,000 Cost of goods sold 587,100 638,500 Accounts receivable, net 38, 400 58, 400 Interest expense...
Barco Куan Сompany Barco Куan Сompany Сompany Сопрany Data from the current year-end balance sheets Assets Data from the current year's income statement Sales $790,000 $901,200 591 100 19,000 35,000 37,400 84,340 5,800 320,000 305,400 Cash Cost of goods sold Interest expense Income tax expense Net income 640,500 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 54,400 134,500 7,600 8,500 15 185 175,215 $.48 16,000 24,879 219,821 Basic earnings per share 5.09 $466,540 $536,900 Total assets Cash dividends...
Summary information from the financial statements of two companies competing in the same industry follows. Kyan Company Barco Company Data from the current year-end balance sheets Assets $ 22,500 Accounts receivable, net 40. 400 Current notes receivable (trade) 10,100 Merchandise Inventory 84,340 Prepaid expenses 5.400 Plant annet.net 290.000 Total assets $452.740 $ 33,000 54.400 ,000 136,500 7,850 105.400 $546,150 Barco Ryan Company Company Data from the current year'Income statement sales $780,000 $898,200 cost of goods sold 585,100 634,500 Interest expense...
Required Informatilon The folowing nformation apawes to the questions dlapiayed below Summary Informstion from the financlal statements oftwo companles competing In the asme Industry follawa. Barco Kyan Barco yan Company Company Data tron the current year-end balanca Data xon the currant year"a incona atatomant 5800,000 두881,2 584,100 636,00 21,00033,000 Coat of gooda sold Account receivable, net 39,4DO 52 , 400 Interegt expen Current 9.200 17.000 15.37724.27 191,323 203.373 5.63 194 t notaa scaivabla 1.000 8 8.800 Incona tax xpenaa Marchandiaa...
Required information Problem 13-5A Comparative ratio analysis LO A1, 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 Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 19,500 $ 37,000 Accounts receivable, net 39,400 55,400 Current notes receivable (trade) 9,800 8,000 Merchandise inventory 84,640 132,500 Prepaid expenses 5,300 7,650 Plant assets, net 310,000 1304,400 Total assets $468,640 $544,950 Data...
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