Dividends 17,437,050 Retained earnings 22,791,525Current assets Current liabilities Cash and equivalents $ 9,096,300 Accounts payable $ 36,146,575 Accounts receivable 15,131,900 Accrued expenses 5,151,400 Inventory 16,322,100 Total current liabilities $ 41,297,975 Dther 949,400 Total current assets 95 41,499,700 :ixed assets Longterm debt $ 137,200,000 Property, plant, and equipment $ 370,828,800 Total longterm liabilities $ 137,200,000 Less accumulated depreciation {92,206,700} Net property, plant, and equipment $278,622,100 Less accumulated depreciation 192,206,700) Net property, plant, and equipment $278,622,100 intangible assets and others 6,094,800 Total fixed assets 95 284,716,900 Total assets $326,216,600 Stockholders' equity Preferred stock $ 1,595,700 Common stock 29,057,000 Capital surplus 24,178,000 Accumulated retained earnings 131,382,725 Less treasury stock 68,494,800) Total equity $ 147,718,625 Total liabilities and shareholders' equity $ 326,216,600 Current ratio Quick ratio Total asset turnover Inventory turnover Receivables turnover Debt ratio Debtequity ratio Equity multiplier Interest coverage Profit maroin YACHT INDUSTRY RATIOS Lower Quartile .86 .43 1.10 12.18 10.25 .32 .83 1.83 5.72 5.02% Median 1.51 .75 1.27 14.38 17.65 .56 1.13 2.13 8.21 7.48% Upper Quartile 1.97 1.01 1.46 16.43 22.43 .61 1.44 2.44 10.83 9.05% \fRATIOS AND FINANCIAL PLANNING AT EAST COAST YACHTS After Dan's analysis of East Coast Yachts' cash flow {at the end of our previous chapter}, Larissa approached Dan about the company's performance and future growth plans. First. Larissa wants to find out how East Coast Yachts is performing 'elative to its peers. Additionally, she wants to find out the future financing necessary to fund the company's growth. in the oast. East Coast Yachts experienced difficulty in financing its growth plan. in large part because of poor planning. In fact, the company had to turn down several largejobs because its facilities were unable to handle the additional demand. Larissa \"roped that Dan would be able to estimate the amount of capital the company would have to raise next year so that East Coast Yachts would be better prepared to fund its expansion plans.