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

Blue Water Prime Fish

Balance sheet

Cash $ $41,000$ $ $21,000$

Accounts receivable $($net$)38,00031,000$

Inventory $99,00040,000$

Property & equipment $($net$)140,000401,000$

Other assets $84,000305,000$

Total assets $ $402,000$ $ $798,000$

Current liabilities $ $99,000$ $ $49,000$

Long$-$term debt $($interest rate: $10\%)65,00060,000$

Capital stock $($$$10$ par value$)148,000512,000$

Additional paid$-$in capital $29,000106,000$

Retained earnings $61,00071,000$

Total liabilities and stockholders$$ equity $ $402,000$ $ $798,000$

Income statement

Sales revenue $(1/3$ on credit$)$ $ $447,000$ $ $802,000$

Cost of goods sold $(241,000)(400,000)$

Operating expenses $(161,000)(311,000)$

Net income $ $45,000$ $ $91,000$

Other data

Per share stock price at end of current year $ $22$ $ $15$

Average income tax rate $30\%30\%$

Dividends declared and paid in current year $ $33,000$ $ $148,000$

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

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:

Using year$-$end balances for all ratios, compute the following ratios:

Note: Round your intermediate calculations and final answers to $2$ decimal places. Enter percentage answers

rounded to $2$ decimal places $($i$.$e$.0\mathrm{.}1234$ should be entered as $12\mathrm{.}34).\backslash$table$[[$Balance sheet$],[],[$Cash$,$$$41,000,$$$21,000$