Please do not give solution in image format thanku Comparative financial statement data for Sarasota Corp. and Bridgeport Corp. two competitors, appear below. All balance sheet dataare as of December 31, 2025.Net salesCost of goods soldOperating expensesInterest expenseIncome tax expenseCurrent assetsPlant assets (net)Current liabilitiesLong-term liabilitiesDividends paid on common stockWeighted-average common shares outstandingSarasota Corp.$1,836,0001,198,500288,66010,94086,700397,200552,80066,200109,55036,00080,000Bridgeport Corp.$632,400346,80099,9603,92036,720188,650141,35034,30041,60015,00050,000 (a)Compute the net income and earnings per share for each company for 2025. (Round earnings per share to 2 decimal places, e.g.$2.78.)Sarasota Corp,Bridgeport Corp. $(b)Sarasota Corp.Bridgeport Corp.Compute working capital and the current ratio for each company for 2025. (Round current ratio to 1 decimal place, e.g. 0.7:1.)(c)(c)$Sarasota Corp.Bridgeport Corp.$Save for Later$Net IncomeeTextbook and MediaWorking CapitalCompute the debt to assets ratio for each company for 2025. (Round debt to assets ratio to 1 decimal place, e.g. 78.9%)Debt to Assets RatioEarnings per Share%Current Ratio:1:1Attempts: 0 of 3 usedSubmit Answer

Ratio analysis is important part of Management accounting. It can be…

Comparative financial statement data for Sarasota Corp. and Bridgeport Corp., two competitors, appear below. All balance sheet data are as of December 31, 2025. 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 Sarasota Corp. $1,836,000 1,198,500 288.660 10,940 86,700 397,200 552,800 66,200 109,550 36,000 80,000 Bridgeport Corp. $632,400 346,800 99,960 3,920 36,720 188,650 141,350 34,300 41,600 15,000 50,000

Comparative financial statement data for Sarasota Corp. and Bridgeport Corp., two competitors, appear below. All balance sheet data are as of December 31, 2025. 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 Sarasota Corp. $1,836,000 1,198,500 288.660 10,940 86,700 397,200 552,800 66,200 109,550 36,000 80,000 Bridgeport Corp. $632,400 346,800 99,960 3,920 36,720 188,650 141,350 34,300 41,600 15,000 50,000

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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