P13-4 Computing Retios and Comparing Alternative Investment Opportunities LO 13-3, 13-4,13-5,13-6,13-7 The current year financial statements for Blue Water Company and Prime Fish Company are presented below. Blue Water Prime Fish Balance sheet: $ 42,200 19,800 34,600 93,000 47,200 Property & equipment (net) 158,000 415,400 85,200 317,000 Accounts receivable (net)44 Inventory ,000 Other assets Total assets Current liabilities $ 93,000 67,000 Long-term debt (interest rate: 10%) Capital stock ($10 par value) Additional paid-in capital Retained earnings Total liabilities and 62,400 73,400 156,400 30,200 07,200 524,000 S 422,400 834,000 stockholders' equity Income statement Sales revenue (1/3 on credit)$ 429,000 Cost of goods sold Operating expenses Net income $ 790,000 (235,000) 401,200) Other data: Per share stock price at end 23.2 27 of current year Average income tax rate Dividends declared and paid s 34,.200 154,000 in current year 30% 30% 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).) Total asset Fixed asset 2.7 7.61 Inventory 2.5 8- uidity ratios: 10 Current 1Quick ratio 2Cash ratio ratios ratio Market ratios: Price eamings 14 ratio Dividend yield 15