Question: Please see below. I need help with this asap and only one attempt is given. Thanks in advance. Comparative financial statement data for Oriole Corporation

Please see below. I need help with this asap and only one attempt is given. Thanks in advance.

Please see below. I need help with this asap and only one

attempt is given. Thanks in advance. Comparative financial statement data for Oriole

Comparative financial statement data for Oriole Corporation and Pharoah Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2022. Oriole Corporation Pharoah Corporation 2022 2022 Net sales $1,925,000 $660,000 Cost of goods sold 1,220,000 366,000 Operating expenses 308,000 94,000 Interest expense 11,000 4,000 Income tax expense 88,000 38,000 Current assets 426,200 131,700 Plant assets (net) 535,000 141,000 Current liabilities 67,270 33,061 Long-term liabilities 149,000 29,660 Additional Information: Cash from operating activities $152,200 $44,100 Capital expenditures $80,300 $22,600 Dividends paid $35,000 $14,700 Average number of shares outstanding 100,000 50,000 (a) Compute the net income and earnings per share for each company for 2022. (Round earnings per share to 2 decimal places, eg 15.55.) Oriole Corporation Pharoah Corporation Net income $ $ $ $ Earnings per share

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!