The current year financial statements for Blue Water Company and Prime Fish Company are presented below Prime Fish Blue Water 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 S 19,700 34,900 47,800 416,600 318,000 S 837,000 S 68,500 62,600 525,000 107,300 73,600 S 837,000 S 42,300 44,500 92,500 159,500 85,300 S 424,100 $ 92,500 74,100 157,100 30,300 70,100 S 424,100 S 789,000 S 427,500 (234,500) (401,300) (163,600)(312.300) 29,400 75,400 $ 23.3 28 45% 45% 34,300 154,500 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. 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).) 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).) 5 Answer is not complete. WATER FISH Profitability ratios: 11.420 % 6.93 % 21.81@ % 688 0 % 1068096 9.01 % 8180% 9560196 Return on assets Financial leverage Net profit margin Earnings per share Turnover ratios: Total asset turnover Fixed asset turnover Receivable turnover 9 Inventory turnover Liquidity ratios: 10. Current ratio Quick ratio Cash ratio 12. Solvency ratios: 13. Debtlequity ratio Market ratios: 15 Dividend yield ratio