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Income Statement | Barco | Kyan |
Sales | 780,000.00 | 898,200.00 |
Cost of goods sold | 585,100.00 | 634,500.00 |
Gross Profit | 194,900.00 | 263,700.00 |
Interest Expense | 7,700.00 | 15,000.00 |
Income before taxes | 187,200.00 | 248,700.00 |
Income tax expense | 14,992.00 | 24,797.00 |
Net Income | 172,208.00 | 223,903.00 |
Basic Earnings per share | 4.31 | 4.74 |
Cash Dividends per share | 3.76 | 3.94 |
Balance Sheets | ||
Assets | Barco | Kyan |
Current Assets | ||
Cash | 22,500.00 | 33,000.00 |
Accounts Receivable (net) | 40,400.00 | 54,400.00 |
Current Notes Receivable (trade) | 10,100.00 | 8,000.00 |
Merchandise Inventory | 84,340.00 | 136,500.00 |
Prepaid Expenses | 5,400.00 | 7,850.00 |
Total Current Assets | 162,740.00 | 239,750.00 |
Plant assets, net | 290,000.00 | 306,400.00 |
Total Assets | 452,740.00 | 546,150.00 |
Liabilities & Stockholders' Equity | ||
Liabilities | ||
Current Liabilities | 61,340.00 | 99,300.00 |
Long Term Note payable | 85,800.00 | 105,000.00 |
Total Liabilities | 147,140.00 | 204,300.00 |
Common Stock | 200,000.00 | 236,000.00 |
Retained Earnings | 105,600.00 | 105,850.00 |
Total Stockholders' Equity | 305,600.00 | 341,850.00 |
Total Liabilities & Stockholders' Equity | 452,740.00 | 546,150.00 |
Total Current Assets | 162,740.00 | 239,750.00 |
Less: | ||
Inventory | 84,340.00 | 136,500.00 |
Prepaid Expense | 5,400.00 | 7,850.00 |
Quick Assets | 73,000.00 | 95,400.00 |
Barco | Current | Last Year | Kyan | Current | Last Year | |
Accounts Receivable (net) | 40,400.00 | 29,800.00 | Accounts Receivable (net) | 54,400.00 | 54,200.00 | |
Current Notes Receivable (trade) | 10,100.00 | - | Current Notes Receivable (trade) | 8,000.00 | - | |
Average Receivable (net) | 40,150.00 | Average Receivable (net) | 58,300.00 | |||
Merchandise Inventory | 84,340.00 | 55,600.00 | Merchandise Inventory | 136,500.00 | 115,400.00 | |
Average Inventory | 69,970.00 | Average Inventory | 125,950.00 |
Barco | Kyan | |
Current Ratio | 2.7 | 2.4 |
Current Assets/Current Liabilities | ||
Acid Test Ratio | 1.2 | 1.0 |
Quick Assets/Current Liabilities | ||
Accounts Receivables Turnover | 19.4 | 15.4 |
Sales Revenue/ Average Receivable | ||
Inventory Turnover | 8.4 | 5.0 |
Cost of goods sold/Average Inventory | ||
Days sales in Inventory | 43.6 | 72.5 |
365/Inventory Turnover | ||
Number of days sales uncollected | 23.6 | 25.4 |
Total Receivables/Sales*365 days |
Remarks- Barco has better short term credit risk because all of the above ratios are better and more improved than Kyan. |
Summary information from the financial statements of two companies competing in the same industry follows Data...
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...
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...
Summary information from the financial statements of two companies
competing in the same industry follows.
Barco
Company
Kyan
Company
Barco
Company
Kyan
Company
Data from the current year-end balance
sheets
Data from the current year’s income
statement
Assets
Sales
$
770,000
$
880,200
Cash
$
19,500
$
34,000
Cost of goods sold
585,100
632,500
Accounts receivable, net
46,500
64,600
Interest expense
7,900
13,000
Merchandise inventory
84,440
132,500
Income tax expense
14,800
24,300
Prepaid expenses
5,000
6,950
Net income
162,200...
Summary information from the financial statements of two companies competing in the same industry follows. Barco Kyan Company Company Data from the current year and balance sheets Assets Cash $ 21,000 $31.000 Accounts receivable, et 37.400 54,400 Current notes receivable (trade) 9,800 3.200 Merchandise inventory 84,840 134,500 Prepaid expenses 6,200 2,850 Plant annets, net 290,000 306,400 Total assets $449,240 $542,350 Barco Kyan Company Coepany Data from the current year's income statement Sales $800,000 $920,200 cost of goods sold 587,100 634.500...
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...
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 $770,000 $888,200 Cash $ 21.000 $ 34,000 cost of goods sold 586,100 644.500 Accounts receivable, net 35,400 56,400 Interest expense 8,100 12,000 Current notes receivable (trade) 9.900 8.000 Income tax expense 14,800 24,521 Merchandise Inventory 84,640 128,500 Net income 161,000 207,...
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 $ 22,000 $ 35,000 Accounts receivable, net 33,400 51,400 Merchandise inventory 84,640 134,500 Prepaid expenses 5,900 7,650 Plant assets, net 360,000 306, 400 Total assets $505,940 $534,950 Barco Kyan Company Company Data from the current year's income statement Sales $770,000 $912,200...
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 [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...
Summary information from the financial statements of two companies competing in the same industry follows. Cash Barco Kyan Barco Kyan Company Company Company Company Data from the current year end balance sheets Data from the current year's income statesent $770,000 $880, 200 $ 19,500 $ 34,000 Cost of goods sold 585,100 532.500 Accounts receivable. net 37.400 57.400 Interest expense 7,900 13.000 Current notes receivable (trade) 9, 100 7,200 Income tax expense 14,800 24.300 Merchandise inventory 34,449 132.500 Net Income 162,200...