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Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Dividends paid on common stock Weighted average common shares outstanding 9 Grouper Corp. $1,980,000 1.292,500 311,300 9.900 93,500 474,500 585.000 73,000 Net Income 117,710 36,000 80,000 Bramble Corp. $682,000 374,000 107,800 4,100 39,600 196,630 153,370 37,100 45,150 15,000 50,000 (a) Compute the net income and earnings per share for each company for 2025. (Round earnings per share to 2 decimal places, eg $2.7E Earnings per Share

Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Dividends paid on common stock Weighted average common shares outstanding 9 Grouper Corp. $1,980,000 1.292,500 311,300 9.900 93,500 474,500 585.000 73,000 Net Income 117,710 36,000 80,000 Bramble Corp. $682,000 374,000 107,800 4,100 39,600 196,630 153,370 37,100 45,150 15,000 50,000 (a) Compute the net income and earnings per share for each company for 2025. (Round earnings per share to 2 decimal places, eg $2.7E Earnings per Share

FINANCIAL ACCOUNTING
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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Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Dividends paid on common stock Weighted average common shares outstanding 9 Grouper Corp. $1,980,000 1,292,500 311,300 Net Income 9.900 93,500 474,500 585,000 73,000 117,710 36,000 80,000 Bramble Corp. $682,000 374,000 107,800 4,100 39,600 196,630 153,370 37,100 45,150 15,000 50,000 (a) Compute the net income and earnings per share for each company for 2025. (Round earnings per share to 2 decimal places, eg $2.78 Earnings per Share
Transcribed Image Text:Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Dividends paid on common stock Weighted average common shares outstanding 9 Grouper Corp. $1,980,000 1,292,500 311,300 Net Income 9.900 93,500 474,500 585,000 73,000 117,710 36,000 80,000 Bramble Corp. $682,000 374,000 107,800 4,100 39,600 196,630 153,370 37,100 45,150 15,000 50,000 (a) Compute the net income and earnings per share for each company for 2025. (Round earnings per share to 2 decimal places, eg $2.78 Earnings per Share
Question 8 of 11 Grouper Corp. Bramble Corp. (b) (c) $ Grouper Corp. $ $ Bramble Corp. $ Grouper Corp. Compute working capital and the current ratio for each company for 2025. (Round current ratio to 1 decimal place, eg. 0.7:1) Bramble Corp. < Working Capital $ Debt to Assets Ratio $ % Compute the debt to assets ratio for each company for 2025. (Round debt to assets ratio to 1 decimal place, eg. 78.9%) Current Ratio -12 E :1 ⠀
Transcribed Image Text:Question 8 of 11 Grouper Corp. Bramble Corp. (b) (c) $ Grouper Corp. $ $ Bramble Corp. $ Grouper Corp. Compute working capital and the current ratio for each company for 2025. (Round current ratio to 1 decimal place, eg. 0.7:1) Bramble Corp. < Working Capital $ Debt to Assets Ratio $ % Compute the debt to assets ratio for each company for 2025. (Round debt to assets ratio to 1 decimal place, eg. 78.9%) Current Ratio -12 E :1 ⠀
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