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: 15%) Capital stock ($10 par value) Additional paid-in capital Retained earnings Total liabilities and stockholders' equity Income statement: Sales revenue (1/2 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 $ 41,300 39,500 97,500 144,500 84,300 $ 407,100 $ 97,500 67,100 150,100 29.300 63,100 S 20,700 31,900 41,800 404,600 308,000 S 807.000 S 53,500 60,600 515,000 106,300 71,600 S 407 100S 807.000 $ 442,500 S 799,000 (400,300) (311.300) (239,500) $ 41,400 S 22.3 (161.600) 18 45% 45% s 33,300 149,500 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." Neith er 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).) BLUE WATER COMPANY PRIME FISH COMPANY Ratio Profitability ratios 1. Return on equity 2. Return on assets 3. Financial leverage percentage 4. Net profit margin 5. Turnover ratios 6. 7 Earnings per share Total asset turnover Fixed asset turnover Receivable turnover Inventory turnover Liquidity ratios 10 Current ratio Quick ratio 12. Cash ratio Solvency ratios 13. Debt/equity ratio Market ratios 4 Price/earnings ratio 15. Dividend yield ratio