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 Total assets Current liabilities Long-term debt (Interest rate 10%) Capital stock (S10 par value) Additional paid-in capital Retained earnings Total liabilities and stockholders' equity Income statement: Salos revenue (1/3 on credit) Cost of goods sold Operating expenses Net Income Other data: Por share stock price at end of current year Average Income tax rate Dividends declared and paid in current year S 42,000 43,000 94,000 155,000 85.000 $ 419.000 $ 94.000 72.000 155.000 30,000 68.000 $ 419.000 $ 20,000 34,000 46,000 413,000 315,000 $ 828,000 $ 64,000 62,000 522,000 107.000 73,000 $ 328.000 $ 432,000 (236,000) (163 000) 33.000 $ 792,000 (401,000) 312.000 $79000 $ 23.0 30% $ 34.000 $ 25 30% $ 153 000 Both companies are in the fish catching and manufacturing business. Both have been in business approximately 10 years, and each has nad stea viewpoint in many respects. Blue Water is more conservative, and as its president has said, "We avoid what we consider to be undue risk. Neste Required: 1. Complete a schedule that reflects a ratio analysis of each company (Round your intermediate calculations and final answers to 2 decimal decimal places (.e. 0.1234 should be entered as 12.34).) Ratio BLUE WATER COMPANY PRIME FISH COMPANY 11.25 % 13.04% 7.88% 9.54 % 78.18 X % 92.15 X % 7.64% 9.97 % 4 5 Profitability ratios: 1. Return on equity 2. Return on assets Financial leverage 3. percentage 4. Net profit margin 5. Earnings per share Turnover ratios: 6. Total asset turnover 7. Fixed asset turnover 8. Receivable turnover 9. Inventory turnover Liquidity ratios: Current ratio 11. Quick ratio 12 Cash ratio Solvency ratios 13. Debt/equity ratio Market ratios 14 Pricelearnings ratio 15 Dividend yield ratio 10. % %