Business, 03.04.2020 18:37 mmaglaya1

Comparative financial statement data for Novak Corp. and Martinez Corp., two competitors, appear below. All balance sheet data are as of December 31, 2017. Novak Corp. Martinez Corp. 2017 2017 Net sales $2,304,000 $793,600 Cost of goods sold 1,504,000 435,200 Operating expenses 362,240 125,440 Interest expense 11,520 4,864 Income tax expense 108,800 46,080 Current assets 467,700 198,436 Plant assets (net) 680,960 178,852 Current liabilities 84,896 43,156 Long-term liabilities 138,880 52,076 Net cash provided by operating activities 176,640 46,080 Capital expenditures 115,200 25,600 Dividends paid on common stock 46,080 19,200 Weighted-average number of shares outstanding 80,000 50,000 (a) Compute the net income and earnings per share for each company for 2017

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Comparative financial statement data for Novak Corp. and Martinez Corp., two competitors, appear bel...