EAST COAST YACHTSBalance Sheet as of December $31,2022$AssetsLiabilities and EquityCurrent assetsCurrent liabilitiesCash$$2,891,400$Accounts payable$$5\mathrm{.}582,200$Accounts receivable$5\mathrm{.}201,500$Notes payable$12\mathrm{.}621,500$Inventory$5\mathrm{.}832\mathrm{.}100$Total$ $18\mathrm{.}203\mathrm{.}700$Total$ $13\mathrm{.}925\mathrm{.}000$Fixed assetsLong$-$term debt$ $32,100\mathrm{.}000$Net plant and equipment $ $89,303\mathrm{.}400$Shareholders' equityCommon stock$$4\mathrm{.}912,000$Retained earnings$48\mathrm{.}012\mathrm{.}700$Total equity$ $52\mathrm{.}924\mathrm{.}700$Total assets$$103\mathrm{.}228\mathrm{.}400$Total liabilities and equity $$103\mathrm{.}228\mathrm{.}400$Yacht Industry RatiosLower Quartile Median Upper QuartileCurrent ratio$\mathrm{.}501\mathrm{.}431\mathrm{.}89$Quick ratio$\mathrm{.}21\mathrm{.}3862$Total asset turnover$\mathrm{.}68\mathrm{.}851\mathrm{.}38$Inventory turnover$6\mathrm{.}859\mathrm{.}1516\mathrm{.}13$Receivables turnover$6\mathrm{.}2711\mathrm{.}8121\mathrm{.}45$Debt ratio$44\mathrm{.}52\mathrm{.}61$Debt$-$equity ratio$\mathrm{.}791\mathrm{.}081\mathrm{.}56$Equity multiplier$1\mathrm{.}792\mathrm{.}082\mathrm{.}56$Interest coverage$5\mathrm{.}188\mathrm{.}069\mathrm{.}83$Profit margin$4\mathrm{.}05\%6\mathrm{.}98\%9\mathrm{.}87\%$Return on assets$6\mathrm{.}05\%10\mathrm{.}53\%15\mathrm{.}83\%$