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	$	41,400			$	20,600
Accounts receivable (net)		40,000				32,200
Inventory		97,000				42,400
Property & equipment (net)		146,000				405,800
Other assets		84,400				309,000
Total assets	$	408,800			$	810,000
Current liabilities	$	97,000			$	55,000
Long-term debt (interest rate: 10%)		67,800				60,800
Capital stock ($10 par value)		150,800				516,000
Additional paid-in capital		29,400				106,400
Retained earnings		63,800				71,800
Total liabilities and stockholders equity	$	408,800			$	810,000
Income statement:
Sales revenue (1/3 on credit)	$	441,000			$	798,000
Cost of goods sold		(239,000	)			(400,400	)
Operating expenses		(161,800	)			(311,400	)
Net income	$	40,200			$	86,200
Other data:
Per share stock price at end of current year	$	22.4			$	19
Average income tax rate		30	%			30	%
Dividends declared and paid in current year	$	33,400			$	150,000

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).)