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

	Blue Water	Prime Fish
Balance sheet
Cash	$ 41,100	$ 20,900
Accounts receivable (net)	38,500	31,300
Inventory	98,500	40,600
Property & equipment (net)	141,500	402,200
Other assets	84,100	306,000
Total assets	$ 403,700	$ 801,000
Current liabilities	$ 98,500	$ 50,500
Long-term debt (interest rate: 15%)	65,700	60,200
Capital stock ($10 par value)	148,700	513,000
Additional paid-in capital	29,100	106,100
Retained earnings	61,700	71,200
Total liabilities and stockholders equity	$ 403,700	$ 801,000
Income statement
Sales revenue (1/2 on credit)	$ 445,500	$ 801,000
Cost of goods sold	(240,500)	(400,100)
Operating expenses	(161,200)	(311,100)
Net income	$ 43,800	$ 89,800
Other data
Per share stock price at end of current year	$ 22.1	$ 16
Average income tax rate	45%	45%
Dividends declared and paid in current year	$ 33,100	$ 148,500

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. Neither company is publicly held.

Required:

1. 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. 0.1234 should be entered as 12.34). Profitability ratios: 1. Return on equity ratio 2. Return on asset ratio 3. Gross profit margin ratio 4. Net profit margin ratio 5. Earnings per share ratio Asset Turnover Ratio 6.Total asset turnover ratio 7.Fixed asset turnover ratio 8.Receivable turnover ratio 9.Inventory turnover ratio Liquidity ratios 10. Current Ratio 11. Quick Ratio 12. Cash Ratio

Solvency Ratios: 13. Debt to equity ratio Market ratios: 14. price earnings ratio 15. Dividend yield ratio