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 21,000 31,000 40,000 401,000 305,000 $ 798,000 49,000 60,000 512,000 106,000 71,000 $ 798,000 $ 41,000 38,000 99,000 140,000 84,000 $ 402,000 99,000 65,000 148,000 29,000 61,000 $ 402,000 $ Current liabilities $ Long-term debt (interest rate: 10%) Capital stock ($10 par value) Additional paid-in capital Retained earnings Total liabilities and stockho lde rs' equity Income statement: $ 447,000 (241,000) (161,000) 45,000 Sales revenue (1/3 on credit) Cost of goods sold Operating expenses Net income 802,000 (400,000) (311,000) $ 91,000 Other data: Per share stock price at end of current year Average income tax rate Dividends decla red and paid in current year $ 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. 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 PRIME FISH RATIO COMPANY COMPANY Profitability ratios: Return on equity 1 Return on assets 2. % Gross profit percentage 3. Net profit margin 4. 5. Earnings per share Quality of income 6. Asset turnover ratios: 7. Total asset turnover 8 Fixed asset turnover Receivable turnover 9. 10. Inventory turnover Liquidity ratios: 11 Current ratio Quick ratio 12. 13. Cash ratio Solvency ratios: Times interest earned ratio 14. 15 Cash coverage ratio Debt/equity ratio 16. Market ratios: 17 Price/earnings ratio Dividend yield ratio 18. %