The facilement for Armstrong and Bar companies for the one year awummarted below 1MDOO Ben Financial Position CA Accounts receivel vertory Property, part, and equipment Ornon.com Taalassa Current Kabites Langle det (10%) Share Corbin sur Relined wings Total abiti and shared aqui Stalent of Earnings Sales were 1/3 on Costal are Experties including art and income to Nel coming 535400 $15.00 50.000 44 DO 210.000 30.500 520.000 395,000 $ 573.400 SOPECO $150,000 SO 500 80 000 240 DOO 624,000 43.000 M.000 50.000 79.000 $ 573,400 3973.1.00 $ 50 000 (290.000) (200 800) S 81,200 $ 40.000 0.000 70.000) $ 141,000 Selected data from the financial statements for the previous you follows: Among Company Company Accounts receivable nel 33.000 $ 60,000 Inventory 70.000 22.000 Long-term debit 86500 BODO Other data Share price year end $ 16 15 Income tax rate 30 30% Dividonds declared and pad $ 40,000 $ 200,000 Shwe Outstanding 15,000 1.000 The companies are in the same line of business and are direct competitors in a large metropolitan area. Both have been in business approximately on years, and each has had stead growth. The management of each has a different viewpoint in respects Bar Company is more conservative and as a president said. "We avoid what we consider to be unde Neither company is publicly held Armstrong Company has anual audit by independent auditor, but Bait Company does not The companies are in the same line of business and are direct competitors in a large metropolitan area. Both have been in business growth. The management of each has a different viewpoint in many respects. Blair Company is more conservative, and as its presid Neither company is publicly held. Armstrong Company has an annual audit by an independent auditor, but Blair Company does not. Required: 1. Complete a schedule that reflects a ratio analysis of each company. Use ending balances If average balances are not availab answers to 2 decimal places.) HINT: To calculate Current Ratio, you will need to first calculate the total Current Assets. Ratio Armstrong Company Blair Company Profitability ratios: Gross profit percentage % % Profit margin % % Earnings per share per share Assef turnover ratios: Asset tumover times times Rocelvables tumover times times Inventory turnover times times Liquidity ratios: Current ratio Market tests: Prioleamings ratio Dividend yield ratio per share