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The current year financial statements for XDF Company and TBH Company are presented below. XDF TBH Balance sheet: Cash $ 42,700 $ 19,300 Accounts receivable

The current year financial statements for XDF Company and TBH Company are presented below.

XDF

TBH

Balance sheet:

Cash

$

42,700

$

19,300

Accounts receivable (net)

46,500

36,100

Inventory

90,500

50,200

Property & equipment (net)

165,500

421,400

Other assets

85,700

322,000

Total assets

$

430,900

$

849,000

Current liabilities

$

90,500

$

74,500

Long-term debt (interest rate: 15%)

76,900

63,400

Capital stock ($10 par value)

159,900

529,000

Additional paid-in capital

30,700

107,700

Retained earnings

72,900

74,400

Total liabilities and stockholders equity

$

430,900

$

849,000

Income statement:

Sales revenue (1/2 on credit)

$

421,500

$

785,000

Cost of goods sold

(232,500

)

(401,700

)

Operating expenses

(164,400

)

(312,700

)

Net income

$

24,600

$

70,600

Other data:

Per share stock price at end of current year

$

23.7

$

32

Average income tax rate

45

%

45

%

Dividends declared and paid in current year

$

34,700

$

156,500

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).)

Ratio

XDF

TBH

Profitability ratio

Return equity

Return on assets

Financial leverage percentage

Net profit Margin

Earning per share

Turnover Ratio

Total assets Turnover

Fixed assets turnover

Receivable turnover

Inventory turnover

Liquidity Ratio

Current ratio

Quick ratio

Cash ratio

Solvency Ratio

Debit/Equity Ratio

Market Ratio

Price earning ratio

Dividend yield ratio

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