Summary information from the financial statements of two companies competing in the same industry follows:

Karto
Company Bryan
Company Karto
Company Bryan
Company
Data from the current year-end balance sheets Data from the current year's income statement
Assets Sales $760,000 $894,200
Cash $21,000 $35,000 Cost of goods sold 592,100 642,500
Accounts receivable, net 39,400 59,400 Interest expense 9,000 13,000
Current notes receivable (trade) 9,600 7,400 Income tax expense
14,608

24,686
Merchandise inventory 85,040 138,500 Net income
$144,292

$214,014
Prepaid expenses 5,400 7,700 Basic earnings per share $3.80 $4.95
Plant assets, net
340,000

313,400

Total assets
$500,440

$561,400

Beginning-of-year balance sheet data
Liabilities and Equity Accounts receivable, net $25,800 $54,200
Current liabilities $66,340 $96,300 Current notes receivable (trade) 0 0
Long-term notes payable 79,800 109,000 Merchandise inventory 59,600 113,400
Common stock, $5 par value 190,000 216,000 Total assets 398,000 362,500
Retained earnings
164,300

140,100
Common stock, $5 par value 205,000 224,000
Total liabilities and equity
$500,440

$561,400
Retained earnings 141,300 98,600

rev: 02-28-2011


2.value:
80 points

Requirement 1:
For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts (including notes) receivable turnover, (d) inventory turnover, (e) days' sales in inventory, and (f) days' sales uncollected. (Do not round intermediate calculations. Use a 365 day year for calculations. Round your answers to 1 decimal place.)

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You need to compute the 6 ratios that are required for both companies.