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PLEASE ANSWER (D-Y) !!!!!!!!!!!!!!!!!!!!!! Use the following financial statements for Lake of Egypt Marina, Inc. LAKE OF EGYPT MARINA, INC. Balance Sheet as of December

PLEASE ANSWER (D-Y) !!!!!!!!!!!!!!!!!!!!!!

Use the following financial statements for Lake of Egypt Marina, Inc.

LAKE OF EGYPT MARINA, INC.
Balance Sheet as of December 31, 2018 and 2017
(in millions of dollars)
2018 2017 2018 2017
Assets Liabilities and Equity
Current assets: Current liabilities:
Cash and marketable securities $ 60 $ 28 Accrued wages and taxes $ 40 $ 32
Accounts receivable 50 36 Accounts payable 50 40
Inventory 140 132 Notes payable 50 32
Total $ 250 $ 196 Total $ 140 $ 104
Fixed assets: Long-term debt: $ 11 $ 124
Gross plant and equipment $ 300 $ 220 Stockholders equity:
Less: Depreciation 75 40 Preferred stock (8 million shares) $ 8 $ 8
Net plant and equipment $ 225 $ 180 Common stock and paid-in surplus 60 60
(60 million shares)
Other long-term assets 25 24 Retained earnings 281 104
Total $ 250 $ 204 Total $ 349 $ 172
Total assets $ 500 $ 400 Total liabilities and equity $ 500 $ 400
LAKE OF EGYPT MARINA, INC.
Income Statement for Years Ending December 31, 2018 and 2017
(in millions of dollars)
2018 2017
Net sales (all credit) $ 700 $ 500
Less: Cost of goods sold 210 140
Gross profits $ 490 $ 360
Less: Other operating expenses 49 30
Earnings before interest, taxes, depreciation, and amortization (EBITDA) 441 330
Less: Depreciation 35 25
Earnings before interest and taxes (EBIT) $ 406 $ 305
Less: Interest 56 35
Earnings before taxes (EBT) $ 350 $ 270
Less: Taxes 105 81
Net income $ 245 $ 189
Less: Preferred stock dividends $ 8 $ 8
Net income available to common stockholders $ 237 $ 181
Less: Common stock dividends 60 60
Addition to retained earnings $ 177 $ 121
Per (common) share data:
Earnings per share (EPS) $ 3.950 $ 3.017
Dividends per share (DPS) $ 1.000 $ 1.000
Book value per share (BVPS) $ 5.683 $ 2.733
Market value (price) per share (MVPS) $ 15.050 $ 12.850

Calculate the following ratios for Lake of Egypt Marina, Inc. as of year-end 2018. (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.)

Calculate the following ratios for Lake of Egypt Marina, Inc. as of year-end 2018. (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.)'

LAKE OF EGYPT MARINA, INC.

a.

Current ratio

times

b.

Quick ratio

times

c.

Cash ratio

times

d.

Inventory turnover

times

e.

Days sales in inventory

days

f.

Average collection period

days

g.

Average payment period

t

days

h.

Fixed asset turnover

times

i.

Sales to working capital

not attempted

times

j.

Total asset turnover

not attempted

times

k.

Capital intensity

times

l.

Debt ratio

%

m.

Debt-to-equity

times

n.

Equity multiplier

times

o.

Times interest earned

times

p.

Cash coverage

times

q.

Profit margin

%

r.

Gross profit margin

%

s.

Operating profit margin

%

t.

Basic earnings power

%

u.

ROA

%

v.

ROE

%

w.

Dividend payout

%

x.

Market-to-book ratio

times

y.

PE ratio

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