The current year financial statements for Blue Water Company and Prime Fish Company are presented below.

	Blue Water				Prime Fish
Balance sheet:
Cash	$	42,400			$	19,600
Accounts receivable (net)		45,000				35,200
Inventory		92,000				48,400
Property & equipment (net)		161,000				417,800
Other assets		85,400				319,000
Total assets	$	425,800			$	840,000
Current liabilities	$	92,000			$	70,000
Long-term debt (interest rate: 10%)		74,800				62,800
Capital stock ($10 par value)		157,800				526,000
Additional paid-in capital		30,400				107,400
Retained earnings		70,800				73,800
Total liabilities and stockholders equity	$	425,800			$	840,000
Income statement:
Sales revenue (1/3 on credit)	$	426,000			$	788,000
Cost of goods sold		(234,000	)			(401,400	)
Operating expenses		(163,800	)			(312,400	)
Net income	$	28,200			$	74,200
Other data:
Per share stock price at end of current year	$	23.4			$	29
Average income tax rate		30	%			30	%
Dividends declared and paid in current year	$	34,400			$	155,000

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).)

Ratio BLUE WATER COMPANY PRIME FISH COMPANY Profitability ratios: 1 Return on equity % % 2. Return on assets % % % % Financial leverage percentage Net profit margin 4. % % 5. Earnings per share Turnover ratios 6. Total asset turnover 7. Fixed asset turnover 8 Receivable turnover 9. 9 Inventory turnover Liquidity ratios: 10. Current ratio 11 Quick ratio 12. Cash ratio Solvency ratios 13 Debt/equity ratio Market ratios: 14. Price/earnings ratio Dividend yield ratio 15. % %