Comparative financial statement data for Sarasota Corp. and Bridgeport Corp., two competitors, appear below. All balance sheet data are as of December 31, 2017.Sarasota Corp.Bridgeport Corp.20172017Net sales$1,836,000$632,400Cost of goods sold1,198,500346,800Operating expenses288,66099,960Interest expense9,1803,876Income tax expense86,70036,720Current assets407,200190,336Plant assets (net)542,640142,523Current liabilities67,65234,390Long-term liabilities110,67041,498Net cash provided by operating activities140,76036,720Capital expenditures91,80020,400Dividends paid on common stock36,72015,300Weighted-average number of shares outstanding80,00050,000(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 IncomeEarnings per shareSarasota Corp.$$Bridgeport Corp.$$(b)Compute working capital and the current ratios for each company for 2017.(Round current ratio to 1 decimal place, e.g. 0.7 : 1.)Working CapitalCurrent RatiosSarasota Corp.$:1Bridgeport Corp.$: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).)Debt to AssetsFree Cash FlowSarasota Corp.%$Bridgeport Corp.%$
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