Comparative financial statement data for Loeb Corporation and Bowsh Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2022. 

Instructions 

a. Comment on the relative profitability of the companies by computing the net income and earnings per share for each company for 2022. 

b. Comment on the relative liquidity of the companies by computing working capital and the current ratio for each company for 2022. 

c. Comment on the relative solvency of the companies by computing the debt to assets ratio and the free cash fl ow for each company for 2022.

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Loeb Corporation Bowsh Corporation 2022 2022 Net sales $1,800,000 $620,000 Cost of goods sold Operating expenses Interest expense Income tax expense 1,175,000 340,000 283,000 98,000 9,000 3,800 85,000 407,200 36,000 Current assets 190,336 Plant assets (net) 139,728 532,000 Current liabilities 66,325 33,716 Long-term liabili ties Net cash common by operating activities Capital expenditures Dividends paid on common stock Weighted-average common shares outstanding 108,500 40,684 138,000 36,000 90,000 20,000 15,000 36,000 80,000 50,000