Canyon Canoe Company wants to invest some of its excess cash in trading securities and is...

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Canyon Canoe Company wants to invest some of its excess cash in trading securities and is considering two investments, The Paddle Company (PC) and Recreational Life Vests (RLV). 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 requirements. Data table - Current ratio Iotal current assets Iotal current liabilities Now, compute the ratio for both companies for both years. (Round your answers to two decimal pla Ratio Year PC RLV Current Current 2025 3.01 2.19 2024 3.28 2.19 b. Cash ratio 2025 2024 The Paddle Company Comparative Financial Statements Years Ended December 31, 2023 Recreational Life Vests 2025 2024 Comparative Financial Statements Years Ended December 31, 2023 Income Statement Net Sales Revenue $ 430,489 $ 425,410 $ 410,570 $ 383,870 Cost of Goods Sold 258,756 256,797 299,110 280,190 Gross Profit 171,733 168,613 111,460 103,680 Begin by selecting the correct formula. Operating Expenses 153,880 151,922 78,290 70,830 Cash ratio = (Cash + Cash equivalents) + Total current liabilities Operating Income 17,853 16,691 33,170 32,850 865 788 2,780 2,980 Now, compute the ratio for both companies for both years. (Round your answers to two decimal pla Interest Expense Ratio Year PC RLV Income before Income Tax Income Tax Expense 16,988 5,137 15,903 30,390 29,870 4,809 8,780 8,630 Cash 2025 $ 11,851 $ 11,094 21,610 $ 21,240 Net Income Cash 2024 Canyon Canoe Company wants to invest some of its excess cash in trading securities and is considering two investments, The Paddle Company (PC) and Recreational Life Vests (RLV). 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 requirements. Data table Balance Sheet Current ratio Total current assets Iotal current liabilities Now, compute the ratio for both companies for both years. (Round your answers to tv Assets Cash and Cash Equivalents $ 69,159 $ 70,793 Ratio Current Current Year PC RLV 2025 3.01 2.19 2024 3.28 2.19 Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets 44,798 79,919 15,494 66,341 16,264 44,452 $ 44,104| 76,363 68,500 65,230 24,450 37,630 $ 65,730 $55,270 39,810 38,650 $ 36,460 59,930 b. Cash ratio Long-term Assets Begin by selecting the correct formula. 209,370 197,850 89,834 90,776 $ 299,204 $ 288,626 198,490 196,780 116,760 116,270 $ 315,250 $ 313,050 Total Assets $ 276,482 $ 310,640 Cash ratio = (Cash + Cash equivalents) Total current liabilities Liabilities Now, compute the ratio for both companies for both years. (Round your answers to tv Current Liabilities Long-term Liabilities $ 69,554 $ 60,232 31,682 29,936 $ 90,810 $ 90,010 96,310 105,890 PC RLV Ratio Year Cash 2025 Cash 2024 Total Liabilities Stockholders' Equity 101,236 90,168 187,120 195,900 Common Stock 72,795 80,885 111,530 102,480 125,173 117,573 Retained Earnings 16,600 14,670 Total Stockholders' 197,968 198,458 Equity 128,130 117,150 197,668 103,840 Total Liabilities and Stockholders' $ 299,204 $ 288,626 $ 315,250 $ 313,050 Equity Other Data Market price per share $ 21.38 $ 33.82 Annual dividend per share Weighted average 0.32 0.30 EA 46.37 $ 51.64 0.53 0.45 Other Data Market price per share $ 21.38 $ 33.82 Annual dividend per EA 46.37 $ 51.64 0.53 0.45 share 0.32 0.30 Weighted average number of shares outstanding 9,000 8,000 9,000 8,000 Canyon Canoe Company wants to invest some of its excess cash in trading securities and is considering two investments, The Paddle Company (PC) and Recreational Life Vests (RLV). 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 requirements. Data table - Current ratio Iotal current assets Iotal current liabilities Now, compute the ratio for both companies for both years. (Round your answers to two decimal pla Ratio Year PC RLV Current Current 2025 3.01 2.19 2024 3.28 2.19 b. Cash ratio 2025 2024 The Paddle Company Comparative Financial Statements Years Ended December 31, 2023 Recreational Life Vests 2025 2024 Comparative Financial Statements Years Ended December 31, 2023 Income Statement Net Sales Revenue $ 430,489 $ 425,410 $ 410,570 $ 383,870 Cost of Goods Sold 258,756 256,797 299,110 280,190 Gross Profit 171,733 168,613 111,460 103,680 Begin by selecting the correct formula. Operating Expenses 153,880 151,922 78,290 70,830 Cash ratio = (Cash + Cash equivalents) + Total current liabilities Operating Income 17,853 16,691 33,170 32,850 865 788 2,780 2,980 Now, compute the ratio for both companies for both years. (Round your answers to two decimal pla Interest Expense Ratio Year PC RLV Income before Income Tax Income Tax Expense 16,988 5,137 15,903 30,390 29,870 4,809 8,780 8,630 Cash 2025 $ 11,851 $ 11,094 21,610 $ 21,240 Net Income Cash 2024 Canyon Canoe Company wants to invest some of its excess cash in trading securities and is considering two investments, The Paddle Company (PC) and Recreational Life Vests (RLV). 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 requirements. Data table Balance Sheet Current ratio Total current assets Iotal current liabilities Now, compute the ratio for both companies for both years. (Round your answers to tv Assets Cash and Cash Equivalents $ 69,159 $ 70,793 Ratio Current Current Year PC RLV 2025 3.01 2.19 2024 3.28 2.19 Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets 44,798 79,919 15,494 66,341 16,264 44,452 $ 44,104| 76,363 68,500 65,230 24,450 37,630 $ 65,730 $55,270 39,810 38,650 $ 36,460 59,930 b. Cash ratio Long-term Assets Begin by selecting the correct formula. 209,370 197,850 89,834 90,776 $ 299,204 $ 288,626 198,490 196,780 116,760 116,270 $ 315,250 $ 313,050 Total Assets $ 276,482 $ 310,640 Cash ratio = (Cash + Cash equivalents) Total current liabilities Liabilities Now, compute the ratio for both companies for both years. (Round your answers to tv Current Liabilities Long-term Liabilities $ 69,554 $ 60,232 31,682 29,936 $ 90,810 $ 90,010 96,310 105,890 PC RLV Ratio Year Cash 2025 Cash 2024 Total Liabilities Stockholders' Equity 101,236 90,168 187,120 195,900 Common Stock 72,795 80,885 111,530 102,480 125,173 117,573 Retained Earnings 16,600 14,670 Total Stockholders' 197,968 198,458 Equity 128,130 117,150 197,668 103,840 Total Liabilities and Stockholders' $ 299,204 $ 288,626 $ 315,250 $ 313,050 Equity Other Data Market price per share $ 21.38 $ 33.82 Annual dividend per share Weighted average 0.32 0.30 EA 46.37 $ 51.64 0.53 0.45 Other Data Market price per share $ 21.38 $ 33.82 Annual dividend per EA 46.37 $ 51.64 0.53 0.45 share 0.32 0.30 Weighted average number of shares outstanding 9,000 8,000 9,000 8,000