Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help with E, N through T Use the following financial statements for Lake of Egypt Marina, Inc. Book value per share (BVES) Market value

image text in transcribedNeed help with E, N through T

Use the following financial statements for Lake of Egypt Marina, Inc. Book value per share (BVES) Market value (price) per share (MVPS) $ 6.077 $14.750 $ 4.723 $12.550 Assets 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 stockholders' equity when computing the equity multiplier. Round your answers to 2 decimal places. Use 365 days a year.) securities a. b LAKE OF EGYPT MARINA, INC. Balance sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 2020 2021 2020 Liabilities and Equity Current assets: Current liabilities: Cash and marketable $ 75 $ 65 Accrued wages and taxes $ 40 $ 43 Accounts receivable 115 110 Accounts payable 90 80 Inventory 200 190 Notes payable 80 70 Total $390 $365 Total $210 $193 Fixed assets: Long-term debt: $300 $280 Gross plant and $580 $471 Stockholders' equity: equipment Preferred stock (5 Less: Depreciation 110 100 $ 5 $ 5 million shares) Net plant and $470 $371 Common stock and paid-in equipment surplus (65 million shares) 65 65 Other long-term assets 50 49 Retained earnings 330 242 Total $520 S420 Total $400 $312 Total assets Total liabilities and $785 $910 $910 $785 equity times times times times C. d days e. f. g Ih i. j. k. LAKE OF EGYPT MARINA, INC. Current ratio Quick ratio Cash ratio Inventory tumover Days' sales in inventory Average collection period Average payment period Fixed asset turnover Sales to working capital Total asset turnover Capital intensity Debt ratio Debt-to-equity Equity multiplier Times interest earned Cash coverage Profit margin Gross profit margin Operating profit margin Basic earnings power ROA ROE Dividend payout Market-to-book ratio PE ratio days days times times times times % times times times I. m n. o p. times % 285 257 9 r. S. s t. 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) s 515 432 Less: Cost of goods sold 230 175 Gross profits $ 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) $ 233 $ 212 Less: Interest 33 30 Earnings before taxes (EBT) $ 200 $ 182 Less: Taxes 42 55 Net income S 158 $ 127 Less: Preferred stock dividends s 5 $ 5 Net income available to common stockholders $ $ 122 Less: Common stock dividends 65 65 Addition to retained earnings $ 88 5 57 Per (common) share data: Earnings per share (EPS) $ 2.354 $ 1.877 Dividends per share (DPS) $ 1.000 $ 1.000 u. v. % % % % % % times times W. X. y. 153

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: John J. Wild, Ken W. Shaw

2010 Edition

9789813155497, 73379581, 9813155493, 978-0073379586

More Books

Students also viewed these Accounting questions