Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The current year financial statements for Blue Water Company and Prime Fish Company are presented below Balance sheet 1 4.100 500 2.500 50 88.500 119.500

image text in transcribed
image text in transcribed
The current year financial statements for Blue Water Company and Prime Fish Company are presented below Balance sheet 1 4.100 500 2.500 50 88.500 119.500 25.500 45.000 419.000 Activate This Pro Other Tot CA Lorem rad Call 10 per Malta capa 000 2820 198.000 30,000 71.000 0.000 327.000 sor 16.000 ty Tote bli stockholders Incom Sale or Cet of w Opera 14.00 3.10 4100 . 1.000 COL.LOON 3812001 15 3 30 Other dat Pet dolore Difende della 500 1500 Both companies are in the fish catching and manufacturing business. Both have been in business approximately 10 years, and each its president has said. "We avoid what we consider to be undue risk Neither company is publicly held has had steady growth The management of each has a different viewpoint in many respects Blue Water is more conservative, and as Required: 1. Complete schedule that reflects a ratio analysis of each company Round your intermediate calculations and final answers to 2 s rounded to 2 decimal places le 0.1234 should be entered as 12.342 Required: 1. Complete a schedule that reflects a ratlo analysis of each company (Round your intermediate calculations and final answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (.e. 0.1234 should be entered as 12.34).) BLUE WATER COMPANY PRIME FISH COMPANY % %6 % % % % % % Ratio 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 tumover 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: 14. Times interest earned ratio 15 Cash coverage ratio 16 Debt/equity ratio Market ratios 17 Pricelearnings ratio 18. Dividend yield ratio 96 % co The current year financial statements for Blue Water Company and Prime Fish Company are presented below Balance sheet 1 4.100 500 2.500 50 88.500 119.500 25.500 45.000 419.000 Activate This Pro Other Tot CA Lorem rad Call 10 per Malta capa 000 2820 198.000 30,000 71.000 0.000 327.000 sor 16.000 ty Tote bli stockholders Incom Sale or Cet of w Opera 14.00 3.10 4100 . 1.000 COL.LOON 3812001 15 3 30 Other dat Pet dolore Difende della 500 1500 Both companies are in the fish catching and manufacturing business. Both have been in business approximately 10 years, and each its president has said. "We avoid what we consider to be undue risk Neither company is publicly held has had steady growth The management of each has a different viewpoint in many respects Blue Water is more conservative, and as Required: 1. Complete schedule that reflects a ratio analysis of each company Round your intermediate calculations and final answers to 2 s rounded to 2 decimal places le 0.1234 should be entered as 12.342 Required: 1. Complete a schedule that reflects a ratlo analysis of each company (Round your intermediate calculations and final answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (.e. 0.1234 should be entered as 12.34).) BLUE WATER COMPANY PRIME FISH COMPANY % %6 % % % % % % Ratio 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 tumover 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: 14. Times interest earned ratio 15 Cash coverage ratio 16 Debt/equity ratio Market ratios 17 Pricelearnings ratio 18. Dividend yield ratio 96 % co

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Non Accounting Students

Authors: John R. Dyson

7th Edition

0273709224, 9780273709220

More Books

Students also viewed these Accounting questions