. Th' t t: 100 Question 1 of 1 -.-..:.s.::5....:__.p10 Data table The Water Company Very Life Vests Comparative Financial Statements Comparative Financial Statements Years Ended December 31, Years Ended December 31, 2025 2024 2023 2025 2024 2023 Income Statement Net Sales Revenue $ 430,146 $ 425,680 410,290 $ 383,770 Cost of Goods Sold 2531977 256.145 299,730 280,450 Gross Profit 171,169 169,535 110,510 103,320 Operating Expenses 153170 151.362 73.050 70.330 Operating Income 17,399 18,173 32,460 32,940 Interest Expense 870 795 Income before Income Tax 16,529 17,378 29,690 30,020 Income Tax Expense 5'159 11.370 $ 12.688 20,910 $ 21,400 Net Income Balance Sheet Assets Cash and Cash Equivalents $ 68,340 $ 70,650 65,749 $ 54,810 Accounts Receivable 44,730 44,460 39,850 38,600 Merchandise Inventory 79,910 66,380 68,600 65,290 Other Current Assets 16'420 161310 243'\" 33.050 Total Current Assets 209,400 197,800 198,500 196,760 Longterm Assets 90.478 90.760 116,770 116,528 Assets Cash and Cash Equivalents Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets Long-term Assets Total Assets Liabilities Current Liabilities Longterm Liabilities Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Other Data Market price per share Annual dividend per share Weighted average number of shares outstanding 68,340 $ 44,730 79,910 16,420 209,400 90,478 69,500 $ 31,630 101,130 72,820 125,928 198,748 70,650 44,460 $ 66,380 16,310 1 97, 800 90, 760 $ 299,878 $ 288,560 80,840 117,490 198,330 $ 299,878 $ 288,560 276,890 197,670 187,180 65,749 $ 39,850 68,600 24,301 198,500 116,770 90,660 $ 96,320 111,500 16,590 128,090 54,810 36,600 $ 65,290 38,060 196,760 116,528 315,270 $ 313,288 $ 90,040 105,920 195,960 102,470 14,858 117,328 315,270 $ 313,288 36,420 60,000 310,250 103,870 Wicked Wild Company wanm to invest some of its excess cash in trading securities and is considering two investments, The Water Company (WC) and Very Life Vests (VLV). The income statement, balance sheet. and other data for both Ies follow for 2025 and 2024, as well as selected data for 2023: lick the icon to view the data.) Read the muirements. . .. , d. Accounts receivable (AR) turnover Begin by selecting the correct formula. AR turnover = Net credit sales + Average net accounts receivable v Now, compute the ratio for both companies for both years. (Round your answers to two decimal places, X.XX.) Ratio Year WC VLV AR turnover 2025 I I AR turnover 2024 0. Gross prot percentage Begin by selecting the correct formula. Gross prot % = Gross Prot + Net sales revenue v Now, compute the ratio for both companies for both years. (Round your answers to two decimal placesthe nearest hundredth percent, X.XX%.) Ratio Year WC VLV Gross profit /o 2025 % % Gross prot % 2024 % % 1. Debt ratio Begin by selecting the correct formula. Now, compute the ratio for both companies for both years. (Enter your answers as a percentage to two decimal placesthe nearest hundredth percent, X.XX%.) Ratio Year We VLV Debt 2025 % Debt 2024 /a % %