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Financial Statement Ratio Analysis

The current year financial statements for two competitors are presented below. Please analyze their financials.

Note: if a ratio cannot be solved given the data provided, please leave it blank. There are a few ratios that cannot be solved given the information provided.

Blue Water Prime Fish

Balance sheet:

Cash $ $41,300$ $ $20,700$

Accounts receivable $($net$)39,50031,900$

Inventory $97,50041,800$

Property & equipment $($net$)144,500404,600$

Other assets $84,300308,000$

Total assets $ $407,100$ $ $807,000$

Current liabilities $ $97,500$ $ $53,500$

Long$-$term debt $($interest rate: $15\%)67,10060,600$

Capital stock $($$$10$ par value$)150,100515,000$

Additional paid$-$in capital $29,300106,300$

Retained earnings $63,10071,600$

Total liabilities and stockholders$$ equity $ $407,100$ $ $807,000$

Income statement:

Sales revenue $(1/2$ on credit$)$ $ $442,500$ $ $799,000$

Cost of goods sold $(239,500)(400,300)$

Operating expenses $(161,600)(311,300)$

Net income $ $41,400$ $ $87,400$

Other data:

Per share stock price at end of current year $ $22\mathrm{.}3$ $ $18$

Average income tax rate $45\%45\%$

Dividends declared and paid in current year $ $33,300$ $ $149,500$

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$.0\mathrm{.}1234$ should be entered as $12\mathrm{.}34).)$ PLEASE MAKE SURE ANSWER ALL QUESTIONS IN THE PICTURE

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