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

	Blue Water				Prime Fish
Balance sheet:
Cash	$	41,800			$	20,200
Accounts receivable (net)		42,000				33,400
Inventory		95,000				44,800
Property & equipment (net)		152,000				410,600
Other assets		84,800				313,000
Total assets	$	415,600			$	822,000
Current liabilities	$	95,000			$	61,000
Long-term debt (interest rate: 10%)		70,600				61,600
Capital stock ($10 par value)		153,600				520,000
Additional paid-in capital		29,800				106,800
Retained earnings		66,600				72,600
Total liabilities and stockholders equity	$	415,600			$	822,000
Income statement:
Sales revenue (1/3 on credit)	$	435,000			$	794,000
Cost of goods sold		(237,000	)			(400,800	)
Operating expenses		(162,600	)			(311,800	)
Net income	$	35,400			$	81,400
Other data:
Per share stock price at end of current year	$	22.8			$	23
Average income tax rate		30	%			30	%
Dividends declared and paid in current year	$	33,800			$	152,000

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).)

PLEASE ANSWER THOSE WRONG ANSWERS!! this is the third time im posting

Saved To do: Chapter 13 HW Check my work mode: This shows what is correct or incorrect for the work you have completed so 4 11.64% 14.16 % 7.81 X % 45.52 30 points Profitability ratios: 1. Return on equity 2. Return on assets 3. Gross profit percentage 4. Net profit margin 5. Earnings per share 6. Quality of income Asset turnover ratios: 7. Total asset turnover 10.65 X % 49.52% 10.25% 1.57 8.14 % $ 2.30 5.59 X 4.83 X 1.05 0.97 1.93 8. 2.86 Fixed asset turnover Receivable turnover 9. 3.45 7.92 4.58 x 17.72 1.88 0.88 0.44 1.61 0.88 0.33 10. Inventory turnover Liquidity ratios: 11. Current ratio 12 Quick ratio 13. Cash ratio Solvency ratios: Times interest earned 14. ratio 15. Cash coverage ratio 16. Debt/equity ratio Market ratios: 17. Pricelearnings ratio 18. Dividend yield ratio 6.01 X 14.21 x 3.28 X 5.92 x 0.28 X 0.09 X 9.89 14.69 9.65 % 12.71 Mc Graw Hill 9 2 FO FA DW To @ $ % # 3 2 4 5 6 7 8 W E R Y