2017 income statement sales 611582000 cost of goods sold 431006000 selling, general and admin expense 73085700 Depreciation 19958400 EBIT 87531900 interest expenses 11000900 ebt 76531000 Taxes 30612400 net income 45918600 dividend 17374500 retain earnings 28544100 balanced sheet current assets cash and equivalent 11119700 accounts receivable 18681500 inventory 20149650 other 1172200 total current assets 51123050 fixed assets property plant and equipment 457509600 less accumulated depreciation (113845900) net property plant and equipment 343663700 intangible assets and others 6772000 total fixed assets 350435700 total assets 401558750 current liabilities account payable 44461550 accrued expenses 6123200 total current liabilities 50584750 long term debit 169260000 long term liabilities 169260000 stock holders equity preferred stock 1970000 common stock 37583700 capital surplus 28116300 accumulated retained earnings 161564000 less treasury stock 47520000 total equity 181714000 total liabilities and share holders equity 401558750 Q 1 East coast yachts uses small percentage of preferred stock as a source of finance. when calculating the company's ratios should preferred stock be included as part of the company's equity? WHY Q 2 Calculate the sustainable growth rate for east cost yacht calculate efn prepare pro forma income statement and balanced sheet East coast yachts is planing a sustainable growth of 20% next year what are your conclusion and recommendation. At the same rate prepare proforma income statement and a balanced sheets. calculate all ratios for the yacht company show workings current ratio quick ratio total assets turn over inventory turn over receivables turn over debt ratio debt- equity ratio interest coverage profit margin ratio on assets return on equity