Connect Saved Use the following financial statements for Lake of Egypt Marina, Inc. Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Liabilities and Equity Current liabilities: $ 45 $ 33 Accrued wages and taxes 40 30 Accounts payable 204 90 Notes payable $289 $153 Total Long-term debt: $255 $165 Stockholders' equity: 69 36 Preferred stock (3 million shares) Common stock and paid-in surplus $186 $129 (15 million shares) 25 18 Retained earnings $211 $147 Total $500 $300 Total liabilities and equity Net plant and equipment Other long-term assets Total Total assets LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2018 and 2017 $ 2017 350 133 217 28 $ Income Statement for Years Ending December 31, 2018 and 2017 (in millions of dollars) Net sales (all credit) 2018 Less: Cost of goods sold $ 550 Gross profits 220 Less: Other operating expenses $ 330 Earnings before interest, taxes, depreciation, and 44 amortization (EBITDA) Less: Depreciation 286 33 Earnings before interest and taxes (EBIT) $ Less: Interest 253 33 Earnings before taxes (EBT) 5 220 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 (OPS) $ 1.000 Book value per share (BVPS) $15.267 $15.650 Market value (price) per share (MVPS) $ 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) Prer 1 of 1 Score answer > o HI CE ere to search days days days 2.61 times 2.99 times 1.10 times 0.91 times % Days' sales in inventory Average collection period Average payment period 7. Fixed asset turnover 1 Sales to working capital Total asset turnover k Capital intensity Debt ratio m. Debt-to-equity n. Equity multiplier 0. Times interest earned p. Cash coverage 9. Profit margin T. Gross profit margin s. Operating profit margin t. Basic earnings power u. ROA V ROE w Dividend payout Market-to-book ratio y PE ratio times times times times % 60.00% % 50.60% 30.20% % 9.93% times times search o education.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti nbox (21) - sdbaile... MSIMnet - Keep IT SL.. Free-form Content... M McGraw-Hill Connect 3 Saved Help E Use the following financial statements for Lake of Egypt Marina, Inc. 2018 2017 Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Liabilities and Equity Current liabilities: $ 45 $ 33 Accrued wages and taxes 40 30 Accounts payable 204 90 Notes payable $289 $153 Total Long-term debt: $255 $165 Stockholders' equity: 69 36 Preferred stock (3 million shares) Common stock and paid-in surplus $186 $129 (15 million shares) 25 18 Retained earnings $147 Total $500 $300 Total liabilities and equity $ 40 35 30 $105 $163 $ 27 24 21 $ 72 $132 $ 3 $3 Net plant and equipment Other long-term assets Total Total assets 15 214 $232 $500 15 78 596 $300 5211 LAKE OF EGYPT MARINA, INC. Connect Saved Use the following financial statements for Lake of Egypt Marina, Inc. Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Liabilities and Equity Current liabilities: $ 45 $ 33 Accrued wages and taxes 40 30 Accounts payable 204 90 Notes payable $289 $153 Total Long-term debt: $255 $165 Stockholders' equity: 69 36 Preferred stock (3 million shares) Common stock and paid-in surplus $186 $129 (15 million shares) 25 18 Retained earnings $211 $147 Total $500 $300 Total liabilities and equity Net plant and equipment Other long-term assets Total Total assets LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2018 and 2017 $ 2017 350 133 217 28 $ Income Statement for Years Ending December 31, 2018 and 2017 (in millions of dollars) Net sales (all credit) 2018 Less: Cost of goods sold $ 550 Gross profits 220 Less: Other operating expenses $ 330 Earnings before interest, taxes, depreciation, and 44 amortization (EBITDA) Less: Depreciation 286 33 Earnings before interest and taxes (EBIT) $ Less: Interest 253 33 Earnings before taxes (EBT) 5 220 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 (OPS) $ 1.000 Book value per share (BVPS) $15.267 $15.650 Market value (price) per share (MVPS) $ 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) Prer 1 of 1 Score answer > o HI CE ere to search days days days 2.61 times 2.99 times 1.10 times 0.91 times % Days' sales in inventory Average collection period Average payment period 7. Fixed asset turnover 1 Sales to working capital Total asset turnover k Capital intensity Debt ratio m. Debt-to-equity n. Equity multiplier 0. Times interest earned p. Cash coverage 9. Profit margin T. Gross profit margin s. Operating profit margin t. Basic earnings power u. ROA V ROE w Dividend payout Market-to-book ratio y PE ratio times times times times % 60.00% % 50.60% 30.20% % 9.93% times times search o education.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti nbox (21) - sdbaile... MSIMnet - Keep IT SL.. Free-form Content... M McGraw-Hill Connect 3 Saved Help E Use the following financial statements for Lake of Egypt Marina, Inc. 2018 2017 Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Liabilities and Equity Current liabilities: $ 45 $ 33 Accrued wages and taxes 40 30 Accounts payable 204 90 Notes payable $289 $153 Total Long-term debt: $255 $165 Stockholders' equity: 69 36 Preferred stock (3 million shares) Common stock and paid-in surplus $186 $129 (15 million shares) 25 18 Retained earnings $147 Total $500 $300 Total liabilities and equity $ 40 35 30 $105 $163 $ 27 24 21 $ 72 $132 $ 3 $3 Net plant and equipment Other long-term assets Total Total assets 15 214 $232 $500 15 78 596 $300 5211 LAKE OF EGYPT MARINA, INC