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'roblem 3-29 Spreadsheet Problem: DuPont Analysis (LG3-6) se the following financial statements for Lake of Egypt Marina, Incorporated LAKE OF EGYPT MARINA, INCORPORATED Balance
'roblem 3-29 Spreadsheet Problem: DuPont Analysis (LG3-6) se the following financial statements for Lake of Egypt Marina, Incorporated LAKE OF EGYPT MARINA, INCORPORATED Balance Sheet as of December 31, 2024 and 2023 (in millions of dollars) 2024 2023 Assets Current assets: Liabilities and Equity Cash and marketable securities Accounts receivable $ 125 $ 60 Inventory 88 248 66 156 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Fixed assets: $ 461 $ 282 Total Long-term debt: Gross plant and equipment $ 416 $ 330 Stockholders' equity: Less: Depreciation 88 48 Preferred stock (6 million shares) Net plant and equipment $ 328 $ 282 Other long-term assets Total 40 36 $ 368 $ 318 Total Total assets $ 829 Common stock and paid-in surplus (48 million shares) Retained earnings $ 600 Total liabilities and equity Net sales (all credit) Less: Cost of goods sold Gross profits LAKE OF EGYPT MARINA, INCORPORATED Income Statement for Years Ending December 31, 2024 and 2023 (in millions of dollars) Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Depreciation Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) 2024 2023 $ 48 $ 60 56 72 64 78 $ 168 $ 210 $ 252 $ 180 $ 6 $ 6 48 48 355 156 $ 489 $ 210 $ 829 $ 600 2024 $ 800 368 $ 432 40 2023 $ 600 240 $ 360 24 392 336 40 36 $ 352 32 $ 300 30 $ 320 $ 270 67 81 $ 253 $ 189 $ 6 $ 6 $ 247 $ 183 48 48 $ 199 $ 135 $ 5.146 $ 3.813 $ 1.000 $ 1.000 $ 8.396 $ 4.250 $ 15.350 $ 13.150 Construct the DuPont ROA and ROE breakdowns for Lake of Egypt Marina, Incorporated for the year ended 2024. Note: Do not round Intermediate calculations. Round your answers to 2 decimal places. DuPont Analysis ROA 29.80 % x times 96 ROE 59.45 % x times times = 96
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