FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following information is available for Nguoi Corporation. 2025 2024 Current assets $54, 000 $ 36, 000 Total assets 240,000 205,000 Current liabilities 22, 000 30, 000 Total liabilities 72, 000 100,000 Net income 80, 000 40,000 Preferred dividends 6,000 6,000 Common dividends 3,000 1,500 Common shares outstanding at beginning of year 40,000 30,000 Common shares outstanding at end of year 75, 000 40, 000 Compute earnings per share for 2025 and 2024 for Nguoi, and comment on the change. Nguoi's primary competitor, Matisse Corporation, had earnings per share of $1 per share in 2025. Comment on the difference in the ratios of the two companies.

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