The current year financial statements for Blue Water Company and Prime Fish Company are presented below.Blue WaterPrime Fish41,30039,50097,500Balance sheet:CashAccounts receivable (net)InventoryProperty & equipment (net)Other assetsTotal assetsCurrent liabilitiesLong-term debt (interest rate: 15%)Capital stock ($10 par value)Additional paid-in capitalRetained earningsTotal liabilities and stockholders' equityIncome statement:Sales revenue (1/2 on credit)Cost of goods soldOperating expensesNet incomeOther data:Per share stock price at end of current yearAverage income tax rateDividends declared and paid in current year$144,50084,300$ 407,100$97,50067,100150,10029,30063,100$ 407,100$ 442,500(239,500)(161,600)$ 41,400$$22.345%33,300$ 20,70031,90041,800404,600308,000$ 807,000$53.50060,600515,000106,30071.600$ 807,000$ 799,000(400,300)(311,300)$ 87,400$$ 149,5001845%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 inmany 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. Required:1. Complete a schedule that reflects a ratio analysis of each company. (Round your intermediate calculations and final answers to 2 decimal places. Enter percentage answers rounded to 2 decimalplaces (i.e. 0.1234 should be entered as 12.34).)Profitability ratios:1.2.3.4.5.Ratio6.7.8.9.Return on equityReturn on assetsFinancial leverage percentageNet profit marginEarnings per shareTurnover ratios:Total asset turnoverFixed asset turnoverReceivable turnoverInventory tumoverLiquidity ratios:10. Current ratio11.Quick ratio12.Cash raticSolvency ratios:13. Debt/equity ratioMarket ratios:14. Price/earnings ratio15. Dividend yield ratioBLUE WATERCOMPANY%OV%%%%PRIME FISHCOMPANY%%%%%

Ratio analysis involves the use of various financial metrics to evaluate the performance, financial…

Required: 1. Complete a schedule that reflects a ratio analysis of each company. (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).) Profitability ratios: 1. 2. 3. 4. 5. Earnings per share Turnover ratios: 6. 7. Ratio Total asset turnover Fixed asset tumover 8. Receivable turnover 9. Inventory tumover Liquidity ratios: 10. Current ratio Quick ratio Cash ratio Solvency ratios: 11. 12. Return on equity Return on assets Financial leverage percentage Net profit margin 13. Debt/equity ratio Market ratios: 14. Pricelearnings ratio 15. Dividend yield ratio BLUE WATER COMPANY % % 1% % PRIME FISH COMPANY % % % % %

Required: 1. Complete a schedule that reflects a ratio analysis of each company. (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).) Profitability ratios: 1. 2. 3. 4. 5. Earnings per share Turnover ratios: 6. 7. Ratio Total asset turnover Fixed asset tumover 8. Receivable turnover 9. Inventory tumover Liquidity ratios: 10. Current ratio Quick ratio Cash ratio Solvency ratios: 11. 12. Return on equity Return on assets Financial leverage percentage Net profit margin 13. Debt/equity ratio Market ratios: 14. Pricelearnings ratio 15. Dividend yield ratio BLUE WATER COMPANY % % 1% % PRIME FISH COMPANY % % % % %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

a spreedsheet is needed to complete for this question. PR17-04b from Cegage accounting 2 (financial statement analysis)
Please help me with this accounting question problem , image is clear pls download if no visible
36 Ratio Analysis - Explain how the following ratios are calculated and what the ratio indicates. Include how these ratios provide useful information related to accounting decision making topics such as efficiency (collecting amounts owed to the firm, using the assets well, getting items to market, etc.), liquidity (ability to pay current debts), solvency (ability to pay long term or all debts) Asset Turnover Return on Assets Current Ratio Accounts Receivable Turnover Average Collection Period Debt Ratio Days’ sales in Inventory Gross Profit Percentage Return on Sales Ratio
Using these data from the comparative balance sheets of Bonita Company, perform a vertical analysis. Accounts receivable (net) Inventory Total assets (Round percentages to 1 decimal place, e.g. 12.1%.) Accounts receivable (net) Inventory Total assets Amount $435.960 December 31, 2022 December 31, 2021 $422,800 720.720 2.520,000 $435.960 December 31, 2022 720.720 2,520.000 Percentage 624,400 2,800,000 Amount $422,800 624,400 2.800,000 December 31, 2021 Percentage % 8
Please help with the following question, thank you!
KINDLY ANSWER PARTS IV & V FOLLOWED BY PART B.i,ii,iii
How to solve question
Please do not give image format and explanation
26. Given the following financial data for Alpha Company, calculate the ratios listed below the data. (Compute all ratios and percents to 2 decimal points.) Sales (all on credit) Cost of Goods Sold $650,000 422,500 Income before 78,000 Income Taxes Net Income 54,600 Ending Beginning Balances Balances Cash $19,500 $15,000 Accounts Receivable 65,000 59,800 (net) Merchandise 71,500 66,300 Inventory Plant and Equipment (net) 195,000 183,900 Total Assets $351,000 $325,000 Current $74,100 $100,200 Liabilities Long-Term Notes Payable 97,500 100,000 Stockholders' 179,400 124,800 Equity Total Liabilities and Stockholders' $351,000 $325,000 Equity
Required Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Analysis Bal Sheet Analysis Inc Stmt Prepare a vertical analysis of an income statements for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) ALLENDALE COMPANY Vertical Analysis of Income Statements Year 4 Year 3 Amount % Total Amount % Total Revenues Sales (net) $ 230,000 100.00 % $ 210,000 100.00 % Other revenues 8,000 5,000 Total revenues 238,000 215,000 Expenses Cost of goods sold 120,000 103,000 Selling, general, and administrative expense 55,000 50,000 Interest expense 8,000 7,200 Income tax expense 23,000 22,000 Total expenses 206,000 182,200 Net income $ 32,000 % $ 32,800 %
Very important please be correct thank you need all 11 required
Given the following information pulled from a firm's financial statements, what is their Asset Turnover ratio? (round to the nearest two decimal places; 1.037 = 1.04) Total Liabilities Sales Revenue Net Operating Income 5,813,082 10,279,452 5,891,671 Current Assets 2,648,145 Total Stockholder Equity Current Liabilities 1,879,832 5,068,098