Financial Statement Analysis Through Ratios The current year financial statements for two companies is presented below. 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: 10%) Capital stock ($10 par value) Additional paid-in capital Retained earnings Total liabilities and stockholders' equity Income statement: Sales revenue (1/3 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 $ 41,600 41,000 96,000 149,00 84,600 $ 412,200 $ 96,000 69,200 152,200 29,6ee 65,290 $ 412,200 $ 20,400 32,800 43,600 408,209 311, eee $ 816,000 $ 58,eee 61,200 518,000 106,600 72,200 $ 816,000 $ 438,000 (238,000) (162,200) $ 37,800 $ 796,000 (400,600) (811,680) 5 83,800 $ 22.6 30x $33,600 $ 21 30% $ 151,000 Both companies are in the fish catching and manufacturing business. Both have been in business approximately 10 years has had steady growth. The management of each has a different viewpoint in many respects. Blue Water is more conser its president has said, "We avoid what we consider to be undue risk." Neither company is publicly held. Required: 1 Camnlete serhedle that want Liquidity ratios: 11. Current ratio 12. Quick ratio 13. Cash ratio $ 2.48 $ 1.62 ys per share Quality of income set turnover ratios