Question: Comparative financial statement data for Sarasota Corp. and Bridgeport Corp., two competitors, appear below. All balance sheet data are as of December 31, 2022 Sarasota

 Comparative financial statement data for Sarasota Corp. and Bridgeport Corp., two
competitors, appear below. All balance sheet data are as of December 31,

Comparative financial statement data for Sarasota Corp. and Bridgeport Corp., two competitors, appear below. All balance sheet data are as of December 31, 2022 Sarasota Corp 2022 Bridgeport Corp. 2022 Net sales $ 1,836,000 $632,400 Cost of goods sold 1,198,500 346,800 288,660 99.960 Operating expenses Interest expense 10,940 3,920 Income tax expense 86,700 36,720 397,200 188,650 Current assets Plant assets (net) Current liabilities 552,800 141,350 66,200 34,300 109,550 41,600 Long-term liabilities Net cash common by operating activities Capital expenditures 140,760 36.720 91.800 20,400 Dividends paid on common stock 36.720 15,300 Weighted average common shares outstanding 80,000 50,000 (a) Compute the net income and earnings per share for each company for 2022. (Round Earnings per share to 2 decimal places, e.g. $2.78.) Net Income Earnings per share Sarasota Corp $ 252960 3.16 Bridgeport Corp $ 145044 $ A s 2.90 (b) Compute working capital and the current ratio for each company for 2022. (Round current ratio to 1 decimal place, e.g. 0.7: 1.) Working Capital Current Ratio Sarasota Corp. $ 339548 6.0 1 Bridgeport Corp. 155946 5.5 :1 (c) Compute the debt to assets ratio and the free cash flow for each company for 2022. (Round debt to assets to 1 decimal place, e.g. 78.9%. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Debt to Assets Free Cash Flow Sarasota Corp. 18.8 % $ 12240 Bridgeport Corp. 22.8 % $ 1020

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