The current year financial statements for Blue Water Company and Prime Fish Company are presented below. Blue Water Prime Fish Balance sheet: Cash $ 42,500 $ 19,500 Accounts receivable (net) 45,500 35,500 Inventory 91,500 49,000 Property & equipment (net) 162,500 419,000 Other assets 85,500 320,000 Total assets $ 427,500 $ 843,000 Current liabilities $ 91,500 $ 71,500 Long-term debt (interest rate: 15%) 75,500 63,000 Capital stock ($10 par value) 158,500 527,000 Additional paid-in capital 30,500 107,500 Retained earnings 71,500 74,000 Total liabilities and stockholders equity $ 427,500 $ 843,000 Income statement: Sales revenue (1/2 on credit) $ 424,500 $ 787,000 Cost of goods sold (233,500 ) (401,500 ) Operating expenses (164,000 ) (312,500 ) Net income $ 27,000 $ 73,000 Other data: Per share stock price at end of current year $ 23.5 $ 30 Average income tax rate 45 % 45 % Dividends declared and paid in current year $ 34,500 $ 155,500

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).)

1. Gross Margin Ratio 2. Net Income Ratio 3. EPS 4. Price Earning Ratio 5. Pay out Ratio 6. Dividend Yield Ratio 7. Return on Stockholders Equity 8. Return on Total Assets 9. Inventory turnover ratio 10. Receivables turnover ratio 11. Current ratio 12. Debt Equity ratio