please solve this problem

The financial statements for Armstrong and Blair companies for the current year are summarized below: Armstrong Blair Company Company Statement of Financial Position Cash Accounts receivable (net) $ 35,400 $ 35,000 44,000 Inventory 50,000 210,000 39,500 Property, plant, and equipment (net) 180,000 520,000 Other non-current assets 98,000 335,000 Total assets $ 573,400 $ 973,500 Current liabilities. $ 150,000 $ 55,500 Long-term debt (10%) Share capital 80,000 624,000 Contributed surplus 86,500 240,000 43,000 53,900 135,000 Retained earnings 79,000 Total liabilities and shareholders' equity $ 573,400 $ 973,500 Statement of Earnings Sales revenue (1/3 on credit) $ 580,000 Cost of sales (290,000) $ 940,000 (423,000) (376,000) Expenses (including interest and income tax) (208,800) Net earnings $ $1,200 $ 141,000 Selected data from the financial statements for the previous year follows: Armstrong Company 33,000 79,000 Blair Company $ 53,000 Accounts receivable (net) Inventory 22,000 80,000 86,500 Long-term debt Other data: 18 S Share price year-end 15 30% 30% Income tax rate Dividends declared and paid 49,000 15,000 $280,000 50,000 $ S $ maily respects. Bidil Company is more conservative, and as its president said, "We avoid what we consider to be undue risk." Neither company is publicly held. Armstrong Company has an annual audit by an independent auditor, but Blair Company does not. Required: 1. Complete a schedule that reflects a ratio analysis of each company. Use ending balances if average balances are not available. (Round intermediate calculations and final answers to 2 decimal places.) HINT: To calculate Current Ratio, you will need to first calculate the total Current Assets Ratio Armstrong Company Blair Company Profitability ratios 50.00 % 55.00 % Gross profit percentage Profit margin 14.00% 15.00 % Earnings per share 5.41 per share 2.82 per share Asset turnover ratios times times times times times times % % Activate Wind