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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.
Comparative financial statement data for Grouper Corp. and Bramble Corp., two competitors, appear below. All balance sheet data are as of December 31, 2017. Grouper Corp. Bramble Corp. 2017 2017 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities $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 Long-term liabilities 119,350 44,752 Net cash provided by operating activities 151,800 39,600 Capital expenditures 99,000 22,000 Dividends paid on common stock 39,600 16,500 Weighted-average number of shares outstanding 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, e.g. $2.78.) Net Income Earnings per share Grouper Corp. 272800 3.41 Bramble Corp. 156420 3.13
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