Long-term debt (interest rate: 15%) Capital stock ($10 par value) Additional paid-in capital Retained earnings Total liabilities and stockholders' equity Income statement: Operating expenses 65,700 148,700 29,100 61,700 $ 403,700 60,200 513,000 106,100 71,200 $ 801,000 $ 801,000 (400, 100) (311,100) $89,800 Sales revenue (1/2 on credit) Cost of goods sold $ 445,500 (240,500) (161,200) Net income $ 43,800 Other data: Per share stock price at end of current year Average income tax rate $ 22.1 45% $ 16 45% Dividends declared and paid in current year $ 33,100 $ 148,500 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. Complete a schedule that reflects a ratio analysis of each company. (Round your intermediate calculations and final answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) BLUE WATER COMPANY PRIME FISH COMPANY Ratio Profitability ratios: 1. Return on equity 18.29 % 13.01 % 2. Return on assets 10.85 % 11.20 % 3. Gross profit percentage 46.02 % 50.06% 4. Net profit margin 9.83 % 11.20% 5. Earnings per share 2.95 $ 1.75 6. Quality of income Asset turnover ratios: 7. Total asset turnover 1.10 1.00 8. Fixed asset turnover 3.15 1.99 9. Receivable turnover 5.79 12.80 10. Inventory turnover 2.44 9.85 Liquidity ratios: 11. Current ratio 12. Quick ratio 13. Cash ratio 1.81 1.84 0.81 1.04 0.42 0.41 Solvency ratios: 14. Times interest earned ratio 15. Cash coverage ratio 16. Debt/equity ratio 0.68 0.15 Market ratios: 17. Price/earnings ratio 18. Dividend yield ratio % 10 %