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) Current liabilities Other assets Total assets Long-term debt (interest rate: 15%) Blue Water Prime Fish $ 42,900 47,500 $ 19,100 36,700 89,500 51,400 168,500 423,800 85,900 324,000 $ 434,300 $ 855,000 $ 89,500 $ 77,500 78,300 63,800 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 $ 418,500 (231,500) (164,800) $ 22,200 161,300 30,900 74,300 $ 434,300 531,000 107,900 74,800 $ 855,000 $ 783,000 (401,900) (312,900) $ 68,200 Other data: Per share stock price at end of current year Average income tax rate $ 23.9 45% $ 34 45% Dividends declared and paid in current year $ 34,900 $ 157,500 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).) BLUE WATER COMPANY PRIME FISH COMPANY Ratio Profitability ratios: 1. Return on equity 2. Return on assets 3. Gross profit percentage 4. Net profit margin 5. 6. Earnings per share Quality of income do do do do % % % % % % % % Asset turnover ratios: 7. Total asset turnover 8. Fixed asset turnover 9. Receivable turnover 10. Inventory turnover Liquidity ratios: 11. Current ratio 12. Quick ratio 13. Cash ratio Solvency ratios: Times interest earned ratio 14. 15. Cash coverage ratio 16. Debt/equity ratio Market ratios: 17. Price/earnings ratio 18. Dividend yield ratio % %