Answer please

The 2017 financial statements for Armstrong and Blair companies are summarized below: Armstrong Blair Company Company Statement of Financial Position Cash $ 35,300 $ 25,000 Accounts receivable (net) 37,000 33,000 Inventory 130,000 37,000 Property, plant, and equipment (net) 145,000 430,000 Other non-current assets 88,000 314,000 Total assets $ 435,300 $ 839,000 Current liabilities $ 107,500 $ 50,000 Long-term debt (10%) 75,000 77,500 Share capital 156,000 530,000 Contributed surplus 33,000 123,000 Retained earnings 63,800 58,500 Total liabilities and shareholders' equity $ 435,300 $ 839,000 Statement of Earnings Sales revenue (1/3 on credit) $ 480,000 $ 840,000 Cost of sales (264,000) (420,000) Expenses (including interest and income tax) (163,200) (319,200) Net earnings $ 52,800 $ 100,800 Selected data from the 2016 statements follows:Selected data from the 2013 statements follows: Accounts receivable {net} 523.000 $ 43.000 Inventory 30.000 42.000 Longterm debt T5.00I0 H.500 Dlher data: Share price at end of 201? $ 13 $ '15 Income tax rate 30% 30% Dividends declared and paid in 201? 330.000 5130.000 Number of common shares during 201iIr 15.000 50.000 The companies are in the same line of business and are direct competitors in a large metropolitan area. Both have been in business approximately 10 years. and each has had steady growth. The managementof each has a different viewpoint in many respects. Blair Company is more conservative. and as its president said. "We avoid what we consider to be undue risk.\" Neither company is publicly held. Armstrong Company has an annual audit by an independent auditor. but Blair Company does not. Required: 1. Complete a schedule that reects a ratio analysis of each company. Use ending balances it' average balances are not available. (Round intermediate calculations and nal answers to 2 decimal places.]