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Your answer is partially correct. Try again. Comparative financial statement data for Cheyenne Corp. and Ayayai Corp., two competitors, appear below. All balance sheet
Your answer is partially correct. Try again. Comparative financial statement data for Cheyenne Corp. and Ayayai Corp., two competitors, appear below. All balance sheet data are as of December 31, 2017. Cheyenne Corp. Ayayai Corp. 2017 2017 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) $2,088,000 $719,200 1,363,000 394,400 328,280 113,680 10,440 4,408 98,600 41,760 445,200 194,536 617,120 162,084 Current liabilities 76,937 39,111 Long-term liabilities 125,860 47,193 Net cash provided by operating activities 160,080 41,760 Capital expenditures 104,400 23,200 Dividends paid on common stock 41,760 17,400 Weighted-average number of shares outstanding 80,000 50,000 (a) Compute the net income and earnings per share for each company for 2017. (Round Earnings per share to 2 decimal places, e.g. $2.78.) Net Income Earnings per share Cheyenne Corp. 287,680 3.60 $ Ayayai Corp. 164,952 3.30
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