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Calculate the following ratios for Lake of Egypt Marina, Inc. as of year-end 2018. (Use sales when computing the inventory turnover and use total equity
Calculate the following ratios for Lake of Egypt Marina, Inc. as of year-end 2018. (Use sales when computing the inventory turnover and use total equity when computing the equity multiplier. Round your answers to 2 decimal places. Use 365 days a year.)
I especially need help with ratios D-Y I am completely stuck here!
2018 2017 $ 27 24 LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Assets Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities $ 45 $ 33 Accrued wages and taxes Accounts receivable 40 30 Accounts payable Inventory 204 90 Notes payable Total $289 $153 Total Fixed assets: Long-term debt: Gross plant and equipment $255 $165 Stockholders' equity: Less: Depreciation 69 36 Preferred stock (3 million shares) Common stock and paid-in surplus Net plant and equipment $186 $129 (15 million shares) Other long-term assets 25 18 Retained earnings Total $211 $147 Total Total assets $500 $300 Total liabilities and equity $ 40 35 30 $105 $163 21 $ 72 $132 3 $ 3 15 214 $232 $500 15 78 $ 96 $300 $ 2017 350 133 217 28 $ $ LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2018 and 2017 (in millions of dollars) 2018 Net sales (all credit) $ 550 Less: Cost of goods sold 220 Gross profits 330 Less: Other operating expenses 44 Earnings before interest, taxes, depreciation, and amortization (EBITDA) 286 Less: Depreciation 33 Earnings before interest and taxes (EBIT) $ 253 Less: Interest 33 Earnings before taxes (EBT) $ 220 Less: Taxes 66 Net income $ 154 Less: Preferred stock dividends $ 3 Net income available to common stockholders $ 151 Less: Common stock dividends 15 Addition to retained earnings $ 136 Per (common) share data: Earnings per share (EPS) $10.067 Dividends per share (DPS) $ 1.000 Book value per share (BVPS) $15.267 Market value (price) per share (MVPS) $15.650 189 21 168 28 140 42 $ $ 98 $ $ 3 95 15 80 $ $ 6.333 $ 1.000 $ 6.200 $13.450 Calculate the following ratios for Lake of Egypt Marina, Inc. as of year-end 2018. (Use sales when computing the inventory turnover and use total equity when computing the equity multiplier. Round your answers to 2 decimal places. Use 365 days a year.) a. LAKE OF EGYPT MARINA, INC. Current ratio Quick ratio times b. times c. Cash ratio times times days days days times times times times % d. Inventory turnover e. Days' sales in inventory f. Average collection period g. Average payment period h. Fixed asset turnover i. Sales to working capital . Total asset turnover k. Capital intensity I. Debt ratio m. Debt-to-equity n. Equity multiplier 0. Times interest earned p. Cash coverage q. Profit margin r. Gross profit margin S. Operating profit margin t. Basic earnings power u. ROA times times times times % % % % % % % V. ROE W. Dividend payout X. Market-to-book ratio y PE ratio times timesStep by Step Solution
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