Please refer to the East Coast Yachts Case at the end of chapter $3$

After Dan$$s analysis of East Coast Yachts$$ cash flow $($at the end of our previous chapter$),$ Larissa approached Dan about the company$$s performance and future growth plans. First, Larissa wants to find out how East Coast Yachts is performing relative to its peers. Additionally, she wants to find out the future financing necessary to fund the company$$s growth. In the past, 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 large jobs because its facilities were unable to handle the additional demand. Larissa hoped 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.

To get Dan started with his analyses, Larissa provided the following financial statements. Dan then gathered the industry ratios for the yacht manufacturing industry.

$1)$ Please calculate the ratios for East Coast Yachts for the industry ratios listed.

$2)$ Compare East Coast liquidity, financial leverage and turnover ratios to the industry standards.

Please analyze if East Coast is doing better or worse than the industry standard and what that means for the company.

EAST COAST YACHTS

$2023$ Balance Sheet YACHT INDUSTRY RATIOS