Balance sheet

Cash $ $42,900$ $ $19,100$

Accounts receivable $($net$)47,50036,700$

Inventory $89,50051,400$

Property & equipment $($net$)168,500423,800$

Other assets $85,900324,000$

Total assets $ $434,300$ $ $855,000$

Current liabilities $ $89,500$ $ $77,500$

Long$-$term debt $($interest rate: $15\%)78,30063,800$

Capital stock $($$$10$ par value$)161,300531,000$

Additional paid$-$in capital $30,900107,900$

Retained earnings $74,30074,800$

Total liabilities and stockholders$$ equity $ $434,300$ $ $855,000$

Income statement

Sales revenue $(1/2$ on credit$)$ $ $418,500$ $ $783,000$

Cost of goods sold $(231,500)(401,900)$

Operating expenses $(164,800)(312,900)$

Net income $ $22,200$ $ $68,200$

Other data

Per share stock price at end of current year $ $23\mathrm{.}9$ $ $34$

Average income tax rate $45\%45\%$

Dividends declared and paid in current year $ $34,900$ $ $157,500$

Both companies are in the fish catching and manufacturing business. Both have been in business approximately $10$ years, and each has had steady growth. The management of each has a different viewpoint in many respects. Blue Water is more conservative, and as its president has said, $$We avoid what we consider to be undue risk.$$ Neither company is publicly held.

Required:

$1.$ Using year$-$end balances for all ratios, compute the following ratios:

Note: Round your intermediate calculations and final answers to $2$ decimal places. Enter percentage answers rounded to $2$ decimal places $($i$.$e$.0\mathrm{.}1234$ should be entered as $12\mathrm{.}34).$