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Comparative financial statement data for Grouper Corp. and Bramble Corp., two competitors, appear below. All balance sheet data are as of December 31, 2017 Net
Comparative financial statement data for Grouper Corp. and Bramble Corp., two competitors, appear below. All balance sheet data are as of December 31, 2017 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Net cash provided by operating activities Capital expenditures Dividends paid on common stock Weighted average number of shares outstanding Grouper Corp. Bramble Corp. 2017 2017 $1,980,000 $682,000 1,292,500 374.000 311.300 107.800 9,900 4,180 93,500 39.600 455,400 196.236 585,200 153,701 72,958 37,088 119,350 44,752 151,800 39,600 99,000 22,000 39,600 16,500 80,000 50,000 (a) Compute the net income and earnings per share for each company for 2017. (Round Earnings per share to 2 decimal places, eg. $2.78.) Net Income Earnings per share Grouper Corp. $ 272800 $ 3.41 Bramble Corp. $ 156420 $ 3.13 (a) Compute the net income and earnings per share for each company for 2017. (Round Earnings per share to 2 decimal places, eg. $2.78.) Earnings per share Net Income 272800 Grouper Corp. $ $ 3.41 Bramble Corp. $ 156420 $ $ 3.13 (b) Compute working capital and the current ratios for each company for 2017. (Round current ratio to 1 decimal place, eg. 0.7: 1.) Working Capital Current Ratios Grouper Corp. $ 534242 8.3 :1 Bramble Corp. $ 198748 6.4 :1 (c) Compute the debt to assets ratio and the free cash flow for each company for 2017. (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).) Free Cash Flow Debt to Assets 20% $ Grouper Corp. 317900 Bramble Corp. 15 % $ 20319
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