Question: Comparative financial statement data for Grouper Corp. and Bramble Corp., two competitors, appear below. All balance sheet data are as of December 31, 2025. Grouper



Comparative financial statement data for Grouper Corp. and Bramble Corp., two competitors, appear below. All balance sheet data are as of December 31, 2025. Grouper Corp. Bramble Corp. Net sales $1,980,000 $682,000 Cost of goods sold 1,292,500 374,000 Operating expenses 311,300 107,800 Interest expense 9,900 4,100 Income tax expense 93,500 39,600 Current assets 474,500 196,630 Plant assets (net) 585.000 153,370 Current liabilities 73,000 37,100 Long-term liabilities 117,710 45,150 Dividends paid on common stock 36,000 15,000 Weighted-average common shares outstanding 80,000 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.) Net Income Earnings per Share Grouper Corp. 272800 $ 3.41 Bramble Corp. $ $ 3.13 (b) Compute working capital and the current ratio for each company for 2025. (Round current ratio to 1 decimal place, e.g. 0.7:1.) Grouper Corp. $ Working Capital Current Ratio :1 Bramble Corp. 5.3 :1 (c) Compute the debt to assets ratio for each company for 2025. (Round debt to assets ratio to 1 decimal place, eg. 78.9%.) Debt to Assets Ratio Grouper Corp. Bramble Corp. % %
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
