Please see below. I need help with this asap please and thank you. Comparative financial statement data for Oriole Corporation and Pharoah Corporation, two competitors, appear below. All balancesheet data are as of December 31, 2022.OriolePharoahCorporationCorporation20222022Net sales$1,925,000$660,000Cost of goods sold1,220,000366,000Operating expenses308,00094,000Interest expense11,0004,000Income tax expense88,00038,000Current assets426,200131,700Plant assets (net)535,000141,000Current liabilities67,27033,061Long-term liabilities149,00029,660Additional information:Cash from operating activities$152,200$44,100Capital expenditures$80,300$22,600Dividends paid$35,000$14,700Average number of shares outstanding100,00050,000 Compute the net income and earnings per share for each company for 2022. (Round earnings per share to 2 decimal places, eg15.55.)Oriole CorporationPharoah CorporationNet income%24%24Earnings per share%24%24t Odno6df94396.ipgYesterday at 12:01 PMVartardasat 1201 D535 KBJPEG image

Net income refers to the earnings of the company after accounting for all the operating and…

Comparative financial statement data for Oriole Corporation and Pharoah Corporation, two competitors, appear below. All balane sheet data are as of December 31, 2022. Oriole Pharoah Corporation Corporation 2022 2022 Net sales $1,925,000 $660,000 Cost of goods sold 1,220,000 366,000

Comparative financial statement data for Oriole Corporation and Pharoah Corporation, two competitors, appear below. All balane sheet data are as of December 31, 2022. Oriole Pharoah Corporation Corporation 2022 2022 Net sales $1,925,000 $660,000 Cost of goods sold 1,220,000 366,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The comparative statements of Coronado Company are presented here. Coronado CompanyIncome StatementsFor the Years Ended December 31 2022 2021 Net sales $1,812,100 $1,745,000 Cost of goods sold 1,008,300 986,000 Gross profit 803,800 759,000 Selling and administrative expenses 511,000 475,400 Income from operations 292,800 283,600 Other expenses and losses Interest expense 17,300 13,500 Income before income taxes 275,500 270,100 Income tax expense 78,640 77,600 Net income $ 196,860 $ 192,500 Coronado CompanyBalance SheetsDecember 31 Assets 2022 2021 Current assets Cash $60,300 $64,400 Debt investments (short-term) 68,700 50,700 Accounts receivable (net) 116,500 101,200 Inventory 122,900 114,100 Total current assets 368,400…
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