Additional information:The market price of Blue's common stock was $7.00, $7.50, and $8.50 for 2023, 2024, and 2025, respectively.2. You must compute dividends declared. All declared dividends were paid in cash in the year of declaration.1.(a) Compute the following ratios for 2024 and 2025.Profit marginGross profitrateAsset turnoverEarnings persharePrice-earningsratioPayout ratioDebt to assetsratio+A2025%de%timestimes%de%2024%%timestimes%%(Round answers to 1 decimalplace, e.g. 1.5%.)(Round answers to 1 decimalplace, e.g. 1.5%.)(Round answers to 2 decimalplaces, e.g. 1.83.)(Round answers to 2 decimalplaces, e.g. 1.83.)(Round answers to 1 decimalplace, e.g. 1.5.)(Round answers to O decimalplaces, e.g. 15%.)(Round answers to O decimalplaces, e.g. 15%.) CashAccounts receivable (net)Other current assetsInvestmentsProperty, plant, and equipment (net)Current liabilitiesLong-term debtCommon stock, $10 parRetained earningsBlue CorporationBalance SheetsDecember 31Net income2025$31,000 $21,00051,00095,00060,000500,000$86,000150,000370,000$737,000 $612,000$81,000325,000176,000$737,000Blue CorporationIncome StatementsFor the Years Ended December 31Sales revenueLess: Sales returns and allowancesNet salesCost of goods soldGross profitOperating expenses (including income taxes)202446,000100.000202575,00090,000315,000$745,00041,000704,000430,0002023$19,00049,000126,000114,000$612,000 $545,00069,000202450,000358,000$545,000$71,00055,000305,000$605,00031,000574,000355,000219,000151,000274,000181,000$93,000 $68,000

Introduction:- Ratio analysis used identify the business performance of the company. It is used to…

Profit margin Gross profit rate Asset turnover 2025 de % % times 2024 % % times (Round answers to 1 decir place, e.g. 1.5%.) (Round answers to 1 decir place, e.g. 1.5%) (Round answers to 2 decir places, e.g. 1.83.)

Profit margin Gross profit rate Asset turnover 2025 de % % times 2024 % % times (Round answers to 1 decir place, e.g. 1.5%.) (Round answers to 1 decir place, e.g. 1.5%) (Round answers to 2 decir places, e.g. 1.83.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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