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The current year financial statements for Blue Water Company and Prime Fish Company are presented below. Blue Water Prime Fish Balance sheet Cash $ 4
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 $ $
Longterm debt interest rate:
Capital stock $ par value
Additional paidin capital
Retained earnings
Total liabilities and stockholders equity $ $
Income statement
Sales revenue 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 $ $
Both companies are in the fish catching and manufacturing business. Both have been in business approximately 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:
Using yearend balances for all ratios, compute the following ratios:
Note: Round your intermediate calculations and final answers to decimal places. Enter percentage answers rounded to decimal places ie should be entered as
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