Question: Current Attempt in Progress Comparative financial statement data for Flounder Corp, and Blue Spruce Corp, two competitors, appear below. All balance sheet data are

Current Attempt in Progress Comparative financial statement data for Flounder Corp, andBlue Spruce Corp, two competitors, appear below. All balance sheet data are

Current Attempt in Progress Comparative financial statement data for Flounder Corp, and Blue Spruce Corp, two competitors, appear below. All balance sheet data are as of December 31, 2025. Flounder Corp. Blue Spruce Corp. Net sales Cost of goods sold $1,908,000 $657,200 1,245,500 360,400 Operating expenses 299,980 103,880 Interest expense 10,020 4,260 Income tax expense 90,100 38,160 Current assets 431,600 199,920 Plant assets (net) 560,400 144,280 Current liabilities 66,400 35,700 Long-term liabilities 112,160 41,745 Dividends paid on common stock 36,000 15,000 Weighted-average common shares outstanding 80,000 50,000

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