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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 $ 41,700 $ 20,300
Accounts receivable (net)41,50033,100
Inventory 95,50044,200
Property & equipment (net)150,500409,400
Other assets 84,700312,000
Total assets $ 413,900 $ 819,000
Current liabilities $ 95,500 $ 59,500
Long-term debt (interest rate: 15%)69,90061,400
Capital stock ($10 par value)152,900519,000
Additional paid-in capital 29,700106,700
Retained earnings 65,90072,400
Total liabilities and stockholders equity $ 413,900 $ 819,000
Income statement
Sales revenue (1/2 on credit) $ 436,500 $ 795,000
Cost of goods sold (237,500)(400,700)
Operating expenses (162,400)(311,700)
Net income $ 36,600 $ 82,600
Other data
Per share stock price at end of current year $ 22.7 $ 22
Average income tax rate 45%45%
Dividends declared and paid in current year $ 33,700 $ 151,500
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).

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