Question: Current Attempt in Progress Comparative financial statement data for Cheyenne Corp. and Ayayai Corp., two competitors, appear below. All balance sheet data are as

Current Attempt in Progress Comparative financial statement data for Cheyenne Corp. andAyayai Corp., two competitors, appear below. All balance sheet data are as

Current Attempt in Progress Comparative financial statement data for Cheyenne Corp. and Ayayai Corp., two competitors, appear below. All balance sheet data are as of December 31, 2025. Cheyenne Corp. Ayayai Corp. Net sales Cost of goods sold $2,088,000 $719,200 1,363,000 394,400 Operating expenses 328,280 113,680 Interest expense 10,920 3.360 Income tax expense 98,600 41,760 Current assets 446,600 195,500 Plant assets (net) 615,400 162,500 Current liabilities 77,000 39,100 Long-term liabilities 124,780 46,820 Dividends paid on common stock 36,000 15,000 Weighted-average common shares outstanding 80,000 50,000 (a) Compute the net income and earnings per share for each company for 2025. (Round earnings per share to 2 decimal places, e.g. $2.78.) Cheyenne Corp. $ Ayayai Corp. $ Net Income Earnings per Share $ $ (b) Compute working capital and the current ratio for each company for 2025. (Round current ratio to 1 decimal place, e.g. 0.7:1.) Working Capital Cheyenne Corp. $ Ayayai Corp. $ (c) Current Ratio :1 :1 Compute the debt to assets ratio for each company for 2025. (Round debt to assets ratio to 1 decimal place, e.g. 78.9%.) Cheyenne Corp. Debt to Assets Ratio Ayayai Corp. % %

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!