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-ten debt (interest rate: 108) Capital stock ($10 par value) Additional paid-in capital Retained earnings Total liabilities and stockholders' equity Income statement : Sales revenue (1/3 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 $ 42,400 45,000 92,000 161,000 65,400 $ 425,800 $ 92,000 74,800 157,800 30,400 70,800 $ 425,800 $ 19,600 35,200 48,400 417,800 319,000 $ 340,000 $ 70,000 62,800 26,000 107,400 73.800 $ 840,000 res $426,000 (234,000) (163,800) $ 28,200 $ 788,000 (401,400) (312,400) $ 74,200 $ 23.4 305 $ 34,400 $ 29 301 $ 155,000 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 avold what we consider to be undue risk." Neither 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 (.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 Gross profit percentage 4 Net profit margin 5 Earnings per share 5 Quality of income Asset turnover ratios 7 Total asset turnover 8 Fixed asset turnover % % % % Ratio BLUE WATER COMPANY PRIME FISH COMPANY % 2. 3. % % % % % % % Profitability ratios: 1. Return on equity Return on assets . Gross profit percentage 4. Net profit margin 5. Earnings per share 6. Quality of income Asset turnover ratios: 7. Total asset turnover 8. Fixed asset turnover 9. Receivable turnover 10. Inventory turnover Liquidity ratios: 11. Current ratio 12. Quick ratio 13 Cash ratio Solvency ratios: 14. Times interest earned ratio Cash coverage ratio Debt/equity ratio Market ratios: 17 Pricelearnings ratio 18. Dividend yield ratio 15 16. % %