Assets Cash and Cash Equivalents $ 68.920 $ 70,283 $ 65,749 $ 55.690 Accounts Receivable 44,730 44,480 $ 44,110 39,790 38.660 $ 36.480 Merchandise Inventory 79,880 66,360 76,330 68.560 65.300 59.920 both Other Current Assets 15,780 16,687 24,341 37,070 Total Current Assets 209,310 197,810 198,440 196,720 Long-term Assets 90,014 90,366 116,830 116.910 $ 299,324 $ 288,176 $ 315,270 $ 313.630 Total Assets $ 276,780 S 310.250 Liabilities Current Liabilities $ 69,550 $ 60,260 $ 90.830 $ 90.050 Long-term Liabilities 31,670 29,950 96.360 105.950 Total Liabilities 101,220 90,210 187.190 196,000 Stockholders' Equity Common Stock 72,800 80,840 111,500 102.400 Retained Earnings 125,304 117,126 Total Stockholders' Equity 198,104 197,966 197.680 16.580 128.080 117.630 15.230 103,880 Total Liabilities and $ Stockholders' Equity 299,324 $ 288,176 $ 315,270 $ 313.630 Other Data Market price per share - S 21.02 S 33.64 46.30 $ 51.14 I Annual dividend per share 0.36 0.34 0.50 0.43 Weighted average number of shares outstanding 9.100 7.600 9.100 17.600 both companies Requirements 1. Using the financial statements given, compute the following ratios for both companies for 2025 and 2024. Assume all sales are credit sales. Round all ratios to two decimal places. a. Current ratio b. Cash ratio C. Inventory turnover d. Accounts receivable turnover e. Gross profit percentage f. Debt ratio g. Debt to equity ratio h. Profit margin ratio i. Asset turnover ratio j. Rate of return on common stockholders' equity k. 1. Earnings per share Price/earnings ratio m. Dividend yield n. Dividend payout 2. Compare the companies performance for 2025 and 2024. Make a recommendation to Water Way Company about investing in these companies. Which company would be a better investment. The Canoe Company or Beguiling Life Vests? Base your answer on ability to pay current liabilities, ability to sell merchandise and collect receivables, ability to pay long-term debt, profitability and attractiveness as an investment. Print Done The Canoe Company Comparative Financial Statements Years Ended December 31, Beguiling Life Vests Comparative Financial Statements Years Ended December 31, 2025 2024 2023 2025 2024 Income Statement Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses $ 430,780 $ 425,770 $ 410.770 $ 383, 120 258,392 256,817 299,340 280.560 172,388 168,953 111,430 102,560 153,110 151,792 78.160 70,720 Operating Income Interest Expense Income before Income Tax Income Tax Expense Net Income 19,278 17,161 33,270 31.840 890 790 2.700 2.920 18,388 16,371 30.570 28.920 5.126 4,180 8,800 8.620 $ 13,262 $ 12,191 $ 21.770 $ 20.300 2023 Balance Sheet Assets Cash and Cash Equivalents S 68.920 $ 70.283 65.749 $ 55.690 Accounts Receivable 44,730 44,480 $ 39.790 38 660 $ 36.480 Merchandise Inventory 79.880 66.360 76.330 68.560 65.300 59.920 15 780 16,687 24 341 37 070 Other Current Assets Total Current Assets 209 310 197.810 198 440 196 720 90 014 90.366 116830 Long-term Assets 299 324 S 288.176 315 270 3 373 630 Total Assets 276.780 310.250 Dans Comprehensive Problem Part 1 of 34 O Water Way Company wants to invest some of its excess cash in trading securities and is considering two investments, The Canoe Company (CC) and Beguiling Life Vests (BLV). The income statement, balance sheet, and other data for both companies follow for 2025 and 2024, as well as selected data for 2023 (Click the icon to view the data) Read the tequirement Requirement 1. Compute each ratio for both companies for 2025 and 2024. Assume all sales are credit sales Round all ratios to two decimal places. a. Current ration Begin by selecting the correct formula Current ratio Clear all Check answer 7:43 PM 8/29/2022