The current year financial statements for Blue Water Company and Prime Fish Company are presented below....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The current year financial statements for Blue Water Company and Prime Fish Company are presented below. Balance sheet Cash Accounts receivable (net) Inventory Property & equipment (net) Other assets Total assets Long-term debt (interest rate: 15%) Current liabilities Capital stock ($10 par value) Additional paid-in capital Retained earnings Total liabilities and stockholders' equity Income statement Sales revenue (1/2 on credit) Cost of goods sold Operating expenses Net income Other data Per share stock price at end of current year Average income tax rate Dividends declared and paid in current year Blue Water Prime Fish $ 42,900 47,500 $ 19,100 36,700 89,500 168,500 85,900 $ 434,300 $ 89,500 78,300 161,300 30,900 74,300 $ 434,300 $ 418,500 (231,500) (164,800) $ 22,200 $ 23.9 45% $ 34,900 51,400 423,800 324,000 $ 855,000 $ 77,500 63,800 531,000 107,900 74,800 $ 855,000 $ 783,000 (401,900) (312,900) $ 68,200 $ 34 45% $ 157,500 Ratio Profitability ratios: 1. Return on equity ratio 2. Return on assets ratio 3. Gross profit margin 4. Net profit margin ratio 5. Earnings 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 BLUE WATER COMPANY % % % PRIME FISH COMPANY % % % % do do do do 15. Dividend yield ratio % % The current year financial statements for Blue Water Company and Prime Fish Company are presented below. Balance sheet Cash Accounts receivable (net) Inventory Property & equipment (net) Other assets Total assets Long-term debt (interest rate: 15%) Current liabilities Capital stock ($10 par value) Additional paid-in capital Retained earnings Total liabilities and stockholders' equity Income statement Sales revenue (1/2 on credit) Cost of goods sold Operating expenses Net income Other data Per share stock price at end of current year Average income tax rate Dividends declared and paid in current year Blue Water Prime Fish $ 42,900 47,500 $ 19,100 36,700 89,500 168,500 85,900 $ 434,300 $ 89,500 78,300 161,300 30,900 74,300 $ 434,300 $ 418,500 (231,500) (164,800) $ 22,200 $ 23.9 45% $ 34,900 51,400 423,800 324,000 $ 855,000 $ 77,500 63,800 531,000 107,900 74,800 $ 855,000 $ 783,000 (401,900) (312,900) $ 68,200 $ 34 45% $ 157,500 Ratio Profitability ratios: 1. Return on equity ratio 2. Return on assets ratio 3. Gross profit margin 4. Net profit margin ratio 5. Earnings 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 BLUE WATER COMPANY % % % PRIME FISH COMPANY % % % % do do do do 15. Dividend yield ratio % %
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Can someone please help me with my ESUA Project? The first graded activity is to work on the Sales and Cash Receipts transactions Please comment your email so that I can talk with you and give you...
-
An investor is in the 28 percent income tax bracket and can earn 3.3 percent on a non-taxable bond. What is the comparable yield on a taxable bond? If this same investor can earn 5.9 percent on a...
-
Assume that you are the owner/operator of College Park Veterinary Clinic. At the end of the second year of operations (June 30, 2017), the following financial data for the company are available: Cash...
-
The compound bow in the previous problem requires 152 J of work to draw the string back to x = 0.540 m, at which point the archer need only exert 250 N of force to hold the string in place. (a)...
-
What is the accounting equation? Describe each of its three components.
-
The heat flux that is applied to one face of a plane wall is \(q^{\prime \prime}=20 \mathrm{~W} / \mathrm{m}^{2}\). The opposite face is exposed to air at temperature \(30^{\circ} \mathrm{C}\), with...
-
Prepare a contribution margin income statement (Learning Objective 6) Pam's Quilt Shoppe sells homemade Amish quilts. Pam buys the quilts from local Amish artisans for \(\$ 250\) each, and her shop...
-
Vines Corporation produces custom machine parts on a job order basis. The company has two direct product cost categories: direct materials and direct labor. In the past, indirect manufacturing costs...
-
Assume the pre-tax profit of $50,000 has been earned by a business, and the owner/proprietor wants to withdraw all of the after-tax profit for personal use. Assume the tax rate for a C corporation is...
-
Which patient problem should be given the highest priority? A. Knowledge deficit related to medication regimen. B. Risk for infection related to surgical incision. C. Anxiety related to fear of the...
-
Coles Group has $50 million capital, which includes $15 million debt. Shareholders' required rate of return is 7% p.a. Cost of debt is 5%. Calculate Coles Group's Weighted Average Cost of Capital....
-
Based upon these amounts, what is total stockholders' equity at the end of the current year? Beginning balance in retained earnings: $34,569 Net income during the year of $15,960 Dividends declared...
-
Scenario Strategic group is a very used concept to group different companies running similar businesses, compare and analyze behaviours, tendencies, positions, competitive advantages, and use it as...
-
9 (a) Prove that the least perimeter of an isosceles triangle in which a circle of radius r can be inscribed is 6r3. (b) Find the area of the region that lies outside the cardioid r=1+cos and inside...
-
Assume MIE is a listed company and pays dividends once each year, and it just distributed this year's $1.30 dividend per share and expected to grow by 9% for the next year. After the next year, you...
-
Computing Phase (stressassignRDATA File) 1. You are asked to a. obtain appropriate graphs and descriptive statistics (for central tendency, and dispersion) for the non-dichotomous variables used (for...
-
Record the following selected transactions for March in a two-column journal, identifying each entry by letter: (a) Received $10,000 from Shirley Knowles, owner. (b) Purchased equipment for $35,000,...
-
Julio Corporation has $8,000,000 of 9.5 percent, 25-year bonds dated March 1, 20x7, with interest payable on February 28 and August 31. The companys fiscal year end is February 28. It uses the...
-
Waxman Corporation issued bonds twice during 20x7. A summary of the transactions involving the bonds follows. 20x7 Jan. 1 Issued $6,000,000 of 9.9 percent, ten-year bonds dated January 1, 20x7, with...
-
Amazon.com, Inc., gained renown as an online marketplace for books, records, and other products. Although the increase in its stock price was initially meteoric, only recently has the company begun...
Study smarter with the SolutionInn App