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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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