Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you please do the ones highlighted Use the following financial statements for Lake of Egypt Marina to answer Problems Lake of Egypt Marina, Inc.

Can you please do the ones highlighted image text in transcribed
image text in transcribed
Use the following financial statements for Lake of Egypt Marina to answer Problems Lake of Egypt Marina, Inc. Balance Sheet as of December 31, 2012 and 2011 (in millions of dollars) 2012 2011 Liabilities & Equity Assets 2012 2011 Current assets: Cash and marketable securities Accounts receivable Inventory Total Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total S75 S 65 115 110 200 190 $390 $ 365 88 $ 40 $43 80 80 70 $ 210 $ 193 Long term debt: $ 300 S 280 $ Fixed assets: Gross plant and equipment Less: Depreciation Net plant and equipment Other long-term assets Total S 580 S 471 Stockholders' equity: 110 100 Preferred stock (5 million shares) S SS 5 Common stock and S 470 S 371 paid-in surplus 65 65 50 49 (65 million shares) SL5205 420 Retained earnings 330 242 Total $ 400 S 312 5.910 S 785 Total liabilities and equity 910 785 Total assets Lake of Egypt Marina, Inc. Income Statement for Years Ending December 31, 2012 and 2011 (in millions of dollars) 2012 2011 Net sales (all credit) SS15 $ 432 Less: Cost of goods sold Gross profits $285 Less: Depreciation 22 Other operating expenses 30 Earnings before interest and taxes (EBIT) $233 Less: Interest 33 Eamings before taxes (EBT) $200 Less: Taxes 57 Net income m 21 18 19 20 E a 1913 Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings $ 37 Per (common) share data: Earnings per share (EPS) Dividonds per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) $2.123 $1.000 $6.077 514.750 $1.877 $1.000 54.723 $12.550 Calculate the following ratios for Lake of Egypt Marina, Inc. as of year-end 2012. Industry Lake of Egypt Marina, Inc. (dollar amounts are in millions for parts a through u.) a. Current ratio b. Quick ratio c. Cash ratio 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 j. Total asset tumover k. Capital intensity 1. Debt ratio m. Debt-to-equity n. Equity multiplier o. Times interest earned p. Cash coverage q. Profit margin r. Basic earnings power S. ROA L ROE u. Dividend payout v. Market-to-book ratio w. PE ratio 2.00 times 1.20 times 0.25 times 3.60 times 101.39 days 32.50 days 45.00 days 1.25 times 4.25 times 0.85 times 1.18 times 62.50% 1.67 times 2.67 times 8.50 times 8.75 times 28.75% 32.50% 19.75% 36.88% 35.00% 2.55 times 15.60 times

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions

Question

4. Choose appropriate and powerful language

Answered: 1 week ago

Question

2. Choose an appropriate organizational pattern for your speech

Answered: 1 week ago