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 $ 75 $ 65 Accrued wages and taxes Accounts receivable 115 110 Accounts payable Inventory 200 190 Notes payable Total $390 $365 Total Fixed assets: Long-term debt: Gross plant and equipment $580 $ 471 Stockholders' equity: Less: Depreciation 110 100 Preferred stock (5 million shares) Net plant and equipment $470 $371 Common stock and paid-in surplus (65 million shares) Other long-term assets 50 49 Retained earnings Total $520 $ 420 Total Total assets $910 $785 Total liabilities and equity $ 40 90 80 $210 $300 $ 43 80 70 $193 $280 $ 5 $ $ 5 65 330 $400 $910 65 242 $312 $785 $ 2020 432 175 257 25 $ W 00 O U $ 232 20 212 $ 30 LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 Net sales (all credit) $ 515 Less: Cost of goods sold 230 Gross profits $ 285 Less: Other operating expenses 30 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 255 Less: Depreciation 22 Earnings before interest and taxes (EBIT) $ 233 Less: Interest 33 Earnings before taxes (EBT) $ 200 Less: Taxes 42 Net income $ 158 Less: Preferred stock dividends $ 5 Net income available to common stockholders $ 153 Less: Common stock dividends 65 Addition to retained earnings $ 88 Per (common) share data: Earnings per share (EPS) $ 2.354 Dividends per share (DPS) $ 1.000 Book value per share (BVPS) $ 6.077 Market value (price) per share (MVPS) $14.750 $ 182 55 $ 127 $ 5 $ 5 122 65 57 $ $ 1.877 $ 1.000 $ 4.723 $12.550 Lake of Egypt Marina, Inc. a. Current ratio b. Quick ratio c. Cash ratio d. Inventory turnover e. Days' sales in inventory f. Average collection period g. Average payment period h. Fixed asset turnover i. Sales to working capital j. Total asset turnover k. Capital intensity 1. Debt ratio m. Debt-to-equity n. Equity multiplier o. Times interest earned p. Cash coverage 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 y. PE ratio Industry 2.00 times 1.20 times 0.42 times 3.60 times 101.39 days 32.50 days 45.00 days 1.25 times 4.25 times 0.85 times 1.18 times 62.50 % 1.67 times 2.67 times 8.50 times 8.75 times 30.75 % 56.45 % 46.78 % 32.50 % 19.75 % 51.35 % 35.00 % 2.55 times 15.60 times Using the ratios for Lake of Egypt Marina shown above, what can you conclude about Lake of Egypt Marina's financial performance for 2021? Liquidity Asset management Profit ratio