Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help Current Attempt in Progress Comparative financial statement data for Sunland Company and Pharoah Company, two competitors, appear below. All balance sheet data are

Please helpimage text in transcribedimage text in transcribedimage text in transcribed

Current Attempt in Progress Comparative financial statement data for Sunland Company and Pharoah Company, two competitors, appear below. All balance sheet data are as of December 31, 2022. Sunland Company Pharoah Company 2022 2022 Net sales $2,520,000 $868,000 Cost of goods sold 1,645,000 476,000 Operating expenses 396,200 137,200 Interest expense 12,600 4,400 Income tax expense 119,000 50,400 Current assets 464,500 198,240 Plant assets (net) 745,500 195,860 Current liabilities 92.900 47,200 Long-term liabilities 149,100 51,325 Net cash common by operating activities 193,200 50,400 Capital expenditures 126,000 28,000 Dividends paid on common stock 50,400 21,000 50,400 21,000 Dividends paid on common stock 80,000 50,000 Weighted average common shares outstanding (a) Compute the net income and earnings per share for each company for 2022. (Round Earnings per share to 2 decimal places, e.g. $2.78.) Net Income Earnings per share $ $ Sunland Company $ $ Pharoah Company (b) Compute working capital and the current ratio for each company for 2022. (Round current ratio to 1 decimal place, e.g. 0.7: 1.) Working Capital Current Ratio $ :1 Sunland Company :1 Pharoah Company $ Compute working capital and the current ratio for each company for 2022. (Round current ratio to 1 decimal place, e.g. 0.7: 1.) Working Capital Current Ratio Sunland Company $ :1 Pharoah Company $ :1 (c) Compute the debt to assets ratio and the free cash flow for each company for 2022. (Round debt to assets to 1 decimal place, e.g. 78.9%. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Debt to Assets Free Cash Flow Sunland Company % $ Pharoah Company % $ e Textbook and Media Save for Later Attempts: unlimited Submit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Retirement Income Recipes In R From Ruin Probabilities To Intelligent Drawdowns

Authors: Moshe Arye Milevsky

1st Edition

3030514331, 9783030514334

More Books

Students also viewed these Accounting questions