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

Blue Water Prime Fish $ Balance sheet: Cash Accounts receivable (net) Inventory Property & equipment (net) Other assets 21,000 31,000 40,000 401,000 305,000 $ 41,000 38,000 99,000 140,000 84,000 402.000 2124 99,000 65,000 148,000 29,000 61,000 $ 402,000 798.000 Total assets $ 49,000 60,000 512,000 106,000 71,000 798,000 Current liabilities Long-term debt (interest rate: 10%) Capital stock ($10 par value) Additional paid-in capital Retained earnings Tata Total liabilities and stockholders' equity Income statement: Sales revenue (1/3 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 $ 447,000 (241,000) (161,000 $ 802,000 (400,000) (311,000) 91,000 45,000 $ 22 30% 33,000 $ 15 30% $ 148,000 $ 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).) Answer is complete but not entirely correct. BLUE PRIME Ratio WATER FISH COMPANY COMPANY Profitability ratios: 1. Return on equity 18.91 % 13.21 % 2. Return on assets 11.19 % 11.40 % 3. Financial leverage 1.14 % 1.07 % percentage 4. Net profit margin 10.07 % 11.35 % 5. Earnings per share S 2.13 $ 1.24 Turnover ratios: 6. Total asset turnover 1.11 1.01 7. Fixed asset turnover 3.19 2.00 8. Receivable turnover 3.92 8.62 9. Inventory turnover 2.43 10.00 Liquidity ratios: 10. Current ratio 1.80 1.88 11. Quick ratio 0.80 1.06 12. Cash ratio 0.41 0.43 Solvency ratios: 13. Debt/equity ratio 0.69 0.16 Market ratios: 14. Price/earnings ratio 10.34 X 12.06 X 15. Dividend yield ratio 0.10 % 0.19 %