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Hi I just need help with part L M and T 2021 2020 Use the following inancial statements for Lake or Egypt Marina, inc. LAKE
Hi I just need help with part L M and T
2021 2020 Use the following inancial statements for Lake or Egypt Marina, inc. LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Assets Liabilities and Equity Current assets! Current liabilities: Cash and marketable securities $ 131 $ 63 Accrued wages and taxes Accounts receivable 80 77 Accounts payable Inventory 371 217 Notes payable Total $ 582 $357 Total Fixed assets: Long-term debt: Gross plant and equipment $ 520 $371 Stockholders' equity: Less: Depreciation 121 70 Preferred stock 1 million shares) Conmon stock and paid-i surplus Net plant and equipment $ 399 $301 (56 million shares) Other long-term assets 56 42 Retained earnings Total $ 449 $343 Total Total assets $1,031 $700 Total liabilities and equity $ BO 100 88 $ 260 $ 320 $ 84 91 84 $259 $196 $ 7 $ 7 56 182 56 388 $ 451 $1,031 $245 $780 $ LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 Net sales (all credit) $ 850 Less: Cost of goods sold 340 Gross profits $ 510 Less: Other operating expenses 68 Earnings before interest, taxes, depreciation, and amortization (EBITDA) 442 Less: Depreciation 51 Earnings before interest and taxes (EBIT) 391 Less: Interest 51 2020 650 247 403 52 $ 351 39 312 52 $ 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) $ 850 $ 650 Less: Cost of goods sold 340 247 Gross profits $ 510 $ 403 Less: Other operating expenses 68 52 Earnings before interest, taxes, depreciation, and amortization (EBITDA) 442 351 Less: Depreciation 51 39 Earnings before interest and taxes (EBIT) $ 391 $ 312 Less: Interest 51 52 Earnings before taxes (EBT) $ 340 $ 260 Less: Taxes 71 78 Net income $ 269 $ 182 Less: Preferred stock dividends $ 7 $ 7 Net income available to common stockholders 5 262 $ 175 Less: Common stock dividends 56 56 Addition to retained earnings $ 206 $ 119 Per (comon) share data: Earnings per share (EPS) $4.679 $ 3.125 Dividends per share (DPS) $ 1.000 $ 1.800 Book value per share (BVPS) $ 7.929 $ 4.250 Market value (price) per share (MVPS) $15.150 $12.950 Calculate the following ratios for Lake of Egypt Marina, Inc., as of year-end 2021 (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.) 1. % m. Debt ratio Debt-to-equity Equity multiplier times n. 2291 times S. 46.001% t. Operating profit margin Basic earnings power ROA % u. 5410/ Step by Step Solution
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