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 162,200 210,400 plant assets, net 290,000 304,400 basic earnings per share 4.51 5.11 total assets $ 445,440 $ 542,450 cash dividends per share 3.81 3.93 liabilities and equity beginning-of-year balance sheet data current liabilities $ 61,340 $ 93,300 accounts receivable, net $ 29,800 $ 54,200 long-term notes payable 80,800 101,000 merchandise inventory 55,600 107,400 common stock, $5 par value 180,000 206,000 total assets 398,000 382,500 retained earnings 123,300 142,150 common stock, $5 par value 180,000 206,000 total liabilities and equity $ 445,440 $ 542,450 retained earnings 98,300 93,600