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Current assets: Cash and marketable securities Accounts receivable Inventory Use the following financial statements for Lake of Egypt Marina, Inc. Assets LAKE OF EGYPT

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Current assets: Cash and marketable securities Accounts receivable Inventory Use the following financial statements for Lake of Egypt Marina, Inc. Assets LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Liabilities and Equity Current liabilities: Accrued wages and taxes Accounts payable Notes payable $ 75 $ 65 115 110 200 190 Total $390 $365 Total Fixed assets: Long-term debt: Gross plant and equipment $580 $471 Less: Depreciation 110 100 Net plant and equipment $470 $371 Other long-term assets Total 50 49 $520 $420 Stockholders' equity: Preferred stock (5 million shares) Common stock and paid-in surplus (65 million shares) Retained earnings Total Total assets $910 $785 Total liabilities and equity LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Net sales (all credit) $ 515 $ 432 Less: Cost of goods sold 230 175 Gross profits $ 285 $ 257 Less: Other operating expenses 30 25 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 255 $ 232 Less: Depreciation 22 20 Earnings before interest and taxes (EBIT) 69 $ 233 69 $ 212 Less: Interest 33 30 Earnings before taxes (EBT) $ 200 $ 182 Less: Taxes 42 55 Net income $ 158 $ 127 Less: Preferred stock dividends $ 5 $ 5 Net income available to common stockholders $ 153 $ 122 Less: Common stock dividends 65 65 Addition to retained earnings $ 88 $ 57 Per (common) share data: Earnings per share (EPS) $ 2.354 $ 1.877 Dividends per share (DPS) $ 1.000 $ 1.000 Book value per share (BVPS) $ 6.077 $ 4.723 Market value (price) per share (MVPS) $14.750 $12.550 2021 2020 $ 40 $ 43 90 80 80 70 $210 $193 $300 $280 $ 5 $ 5 65 65 330 242 $400 $312 $910 $785

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