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The current year financiai statements for Blue Water Company and Prime Fish Company are presented below. Both companies are in the fish catching and manufacturing

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The current year financiai statements for Blue Water Company and Prime Fish Company are presented below. Both companies are in the fish catching and manufacturing business. Both have been in buless 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, "Wo avold what we consider to be undue risk." Neither company is publicly held. Required: 1. Usina vear-end balances for all ratios, combute the followina ratios: Both companies are in the fish catching and manufacturing business. Both have been in business approximately 10 ycars, 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 sald, "We avoid what we consider to be undue risk." Neither company is publicly held. Required: 1. Using yeat-end balances for all ratios, compute the following ratios: Note: Round your intermediate calculations and final answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (L.e. 0.1234 should be entered as 12.34)

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