What is the current assets for each company? What are the short term investments for each company? What is the average account receivable for each company? What is the average inventory for each company?
What is the current assets for each company? What are the short term investments for each company? What is the average account receivable for each company? What is the average inventory for each company?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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What is the current assets for each company? What are the short term investments for each company? What is the average account receivable for each company? What is the average inventory for each company?

Transcribed Image Text:Summary information from the financial statements of two companies competing in the same industry follows.
Barco
Кyan
Company
Barco
Kyan Company
Company
Company
Data from the current year-end
Data from the current year's income
balance sheets
statement
$ 810,000
593,100
8,400
15,569
192,931
$ 902,200
638,500
15,000
24,907
223,793
Assets
Sales
$ 19,000
34,400
84,540
6,000
310,000
$ 453,940
33,000
52,400
142,500
7,350
311,400
$ 546,650
Cash
Cost of goods sold
Interest expense
Accounts receivable, net
Merchandise inventory
Income tax expense
Prepaid expenses
Plant assets, net
Net income
Basic earnings per share
5.36
4.55
Total assets
Cash dividends per share
3.79
3.96
Beginning-of-year balance sheet data
Accounts receivable, net
Merchandise inventory
Liabilities and Equity
$ 61,340
79,800
180,000
132,800
$ 453,940
$ 92,300
103,000
246,000
105, 350
$ 546,650
$ 30,800
59,600
378,000
180,000
$ 56,200
117,400
402,500
246,000
Current liabilities
Long-term notes payable
Common stock, $5 par value
Retained earnings
Total assets
Common stock, $5 par value
Total liabilities and equity
Retained earnings
76,309
76, 389
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