Return to questic Problem 3-30 Calculating Ratios (LG3-1, LG3-2, LG3-3, LG3-4, LG3-5) Use the following financial statements for Lake of Egypt Marina, Inc. 2021 2020 $ 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 (7 million shares) Common stock and paid-in surplus Net plant and equipment $ 399 $301 (56 million shares) Other long-term assets 50 42 Retained earnings Total $ 449 $343 Total Total assets $1,031 $ 700 Total liabilities and equity 80 100 80 260 320 $ 84 91 84 $ 259 $196 $ $ $ 7 $ 7 56 388 $ $ 451 $1,031 56 182 $245 $700 LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2021 and 2020 Return to question $ 2020 650 247 403 52 $ $ $ 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 Earnings before taxes (EBT) $ 340 Less: Taxes 71 Net income $ 269 Less: Preferred stock dividends $ 7 Net income available to common stockholders $ 262 Less: Common stock dividends 56 Addition to retained earnings $ 206 Per (comunon) share data: Earnings per share (EPS) $ 4.679 Dividends per share (DPS) $ 1.000 Book value per share (BVPS) $ 7.929 Market value (price) per share (MVPS) $15.150 351 39 312 52 260 78 $ $ 182 $ $ 7 175 56 119 $ $ 3.125 $ 1.000 $ 4.250 $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 UUUUUUU .. i. Sales to working capital Total asset turnover 2.64 times j. 0.82 times k. Capital intensity 1.21 times 1. Debt ratio 56.25 % m. 1.29 times n. Debt-to-equity Equity multiplier Times interest earned 2.29 times 0. 7.67 times p. 8.67 times 9. 32.00 X % r. Cash coverage Profit margin Gross profit margin Operating profit margin Basic earnings power ROA 0.46 % S. 0.46 % t. % u. % V. ROE 5.97 X % W. Dividend payout Market-to-book ratio % times y. PE ratio times
