Saved ctoring Enabled: MH Lab 1: Ratio Analysis i You skipped this question in the previous attempt. The financial statements for Armstrong and Blair companies for the current year are summarized below: 13 Armstrong Blair Company Company Statement of Financial Position Cash $ 35 , 400 $ 35, 000 44, 000 Accounts receivable (net) 50 , 000 8 39, 500 00:35:35 Inventory 210, 000 Property, plant, and equipment (net) 180 , 000 520, 006 Other non-current assets 98 , 000 335 , 000 Total assets $ 573, 400 $ 973, 500 Current liabilities $ 150 , 000 55 , 500 Book Long-term debt (10%) 86, 500 80, 000 Share capital 240, 000 524, 000 Contributed surplus 43, 006 135, 000 Retained earnings 006'ES 000'64 Total liabilities and shareholders' equity $ 573, 400 $ 973, 500 Statement of Earnings Sales revenue (1/3 on credit) $ 580,000 $ 940, 000 Cost of sales (290, 000 (423, 090) Expenses (including interest and income tax) (208, 800) (000'9LE) Net earnings $ 81 , 200 $ 141, 000 Selected data from the financial statements for the previous year follows: Armstrong Blair Company Company Accounts receivable (net) $ 33,000 $ 53, 000 Inventory 79,000 22, 000 Long-term debt 86, 500 80, 000 Other data: Share price year-end 18 15 Income tax rate 30% 30% Dividends declared and paid $ 49 , 000 $280, 000 Shares Outstanding 15, 006 50 , 000 The companion arn in the cama linn of inatitare in a laran motranalitan arna Dath hain Graw Hill F1 F2 F3 F4 prt sc home F6 F7 F9 F10 @Saved Proctoring Enabled: MH Lab 1: Ratio Analysis i You skipped this question in the previous atter vivivenus ueclareu allu palu 43 , 000 aga ' nord Shares Outstanding 15,000 50,000 13 The companies are in the same line of business and are direct competitors in a large metropolitan area approximately ten years, and each has had steady growth. The management of each has a different vie Company is more conservative, and as its president said, "We avoid what we consider to be undue risk held. Armstrong Company has an annual audit by an independent auditor, but Blair Company does not. 00:35:22 Required: 1. Complete a schedule that reflects a ratio analysis of each company. Use ending balances if average (Round intermediate calculations and final answers to 2 decimal places.) HINT: To calculate Current Ratio, you will need to first calculate the total Current Assets. eBook Ratio Armstrong Company Blair Company Profitability ratios. Gross profit percentage % % Profit margin % % Earnings per share per share per share Asset turnover ratios Fixed Asset turnover times times Receivables turnover times time Inventory turnover times times Liquidity ratios: Current ratio Market tests. Price/earnings ratio Dividend yield ratio % % Mc Graw ( x F2 F3 F4 F6 prt sc F7 F8 F9 F10 @