Question: Required: Using year - end balances for all ratios, compute the following ratios: Note: Round your intermediate calculations and final answers to 2 decimal places.

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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Profitability Ratios: Blue Water Company; Prime Fish Company
Ratio
Profitability Ratios:
1. Return on equity ratio
2. Return on assets ratio
3. Gross profit margin
4. Net profit margin ratio
5. E
2
The current year financial statements for Blue Water Company and Prime Fish Company are presented below.
\table[[\table[[20],[points]],,Blue Water,Prime Fish],[Balance sheet,,],[Cash,$ 41,700,$ 20,300],[Accounts receivable (net),41,500,33,100],[,Inventory,95,500,44,200],[,Property & equipment (net),150,500,409,400],[eBook,Other assets,84,700,312,000],[Print,Total assets,$ 413,900,$ 819,000],[Current liabilities,$ 95,500,$ 59,500],[References,Long-term debt (interest rate: 15%),69,900,61,400],[Capital stock ($10 par value),152,900,519,000],[Additional paid-in capital,29,700,106,700],[Retained earnings,65,900,72,400],[Total liabilities and stockholders' equity,$ 413,900,$ 819,000],[Income statement,,],[Sales revenue (12 on credit),$ 436,500,$ 795,000],[Cost of goods sold,(237,500),(400,700)arnings per share ratio
Asset Turnover Ratios:
6. Total asset turnover ratio
7. Fixed asset turnover ratio
8. Receivable turnover ratio
9. Inventory turnover ratio
Liquidity Ratios:
10. Current ratio
11. Quick ratio
12. Cash ratio
Solvency Ratios:
13. Debt to equity ratio
Market Ratios:
14. Price earnings ratio
15. Dividend yield ratio
 Required: Using year-end balances for all ratios, compute the following ratios:

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