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	$	41,300			$	20,700
Accounts receivable (net)		39,500				31,900
Inventory		97,500				41,800
Property & equipment (net)		144,500				404,600
Other assets		84,300				308,000
Total assets	$	407,100			$	807,000
Current liabilities	$	97,500			$	53,500
Long-term debt (interest rate: 15%)		67,100				60,600
Capital stock ($10 par value)		150,100				515,000
Additional paid-in capital		29,300				106,300
Retained earnings		63,100				71,600
Total liabilities and stockholders equity	$	407,100			$	807,000
Income statement:
Sales revenue (1/2 on credit)	$	442,500			$	799,000
Cost of goods sold		(239,500	)			(400,300	)
Operating expenses		(161,600	)			(311,300	)
Net income	$	41,400			$	87,400
Other data:
Per share stock price at end of current year	$	22.3			$	18
Average income tax rate		45	%			45	%
Dividends declared and paid in current year	$	33,300			$	149,500

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.

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 Accounts receivable (net) Inventory Property & equipment (net) Other assets Total assets Current liabilities Long-term debt (interest rate: 15%) 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 $ 41,300 39,500 97,500 144,500 84,300 $ 407,100 $ 97,500 67,100 150, 100 29,300 63,100 $ 407,100 $ 20,700 31,900 41,800 494,600 308,000 $ 807,000 $ 53,500 60,600 515,000 106,300 71,600 $ 807,000 $ 442,500 (239,500) (161,600) $ 41,400 $ 799,000 (400,300) (311,300) 5 $ 87,400 $ 22.3 45% 33,300 $ 18 45% % $ 149,500 $ 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. 6. Quality of income Asset turnover ratios 7. Total asset turnover 8. Fixed asset turnover 9. Receivable turnover 10. Inventory turnover Liquidity ratios: 11. Current ratio 12 Quick ratio 13 Cash ratio Solvency ratios: 14 Times interest earned ratio 15. Cash coverage ratio 16 Debt/equity ratio Market ratios: 17. Price/earnings ratio 18. Dividend yield ratio % %