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The current year financlal statements for Blue Water Company and Prime Fish Company are presented below. Both companles are in the fish catching and manufacturing
The current year financlal statements for Blue Water Company and Prime Fish Company are presented below. Both companles 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 dliferent vlewpoint In many respects. Blue Water is more conservative, and as its president has sald, "We avoid what we consider to be undue risk." Nelther company is publicly held. Required: 1. Using year-end balances for all ratlos, compute the following ratios: Note: Round your intermedlate calculations and final answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (l.e. 0.1234 should be entered as 12.34)
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