The current year financial statements for Blue Water Company and Prime Fish Company are presented below. Balance sheet Cash Accounts receivable (net) Inventory Property & equipment (net) Other assets Total assets Long-term debt (interest rate: 15%) Current liabilities Capital stock ($10 par value) Additional paid-in capital Retained earnings Total liabilities and stockholders' equity Income statement Sales revenue (1/2 on credit) Cost of goods sold Operating expenses Net income Other data Per share stock price at end of current year Average income tax rate Dividends declared and paid in current year Blue Water Prime Fish $ 42,900 47,500 $ 19,100 36,700 89,500 168,500 85,900 $ 434,300 $ 89,500 78,300 161,300 30,900 74,300 $ 434,300 $ 418,500 (231,500) (164,800) $ 22,200 $ 23.9 45% $ 34,900 51,400 423,800 324,000 $ 855,000 $ 77,500 63,800 531,000 107,900 74,800 $ 855,000 $ 783,000 (401,900) (312,900) $ 68,200 $ 34 45% $ 157,500 Ratio Profitability ratios: 1. Return on equity ratio 2. Return on assets ratio 3. Gross profit margin 4. Net profit margin ratio 5. Earnings per share ratio Asset turnover ratios: 6. Total asset turnover ratio 7. Fixed asset turnover ratio 8. Receivable turnover ratio 9. Inventory turnover ratio Liquidity ratios: 10. Current ratio 11. Quick ratio 12. Cash ratio Solvency ratios: 13. Debt to equity ratio Market ratios: 14. Price earnings ratio BLUE WATER COMPANY % % % PRIME FISH COMPANY % % % % do do do do 15. Dividend yield ratio % %