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The current year financial statements for Blue Water Company and Prime Fish Company are presented...

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Accounting

The current year financial statements for Blue Water Company and Prime Fish Company are presented below.
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:
Using year-end balances for all ratios, compute the following ratios:
Note: 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).
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