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Use the following financial statements for Lake of Egypt Marina, Inc. OF EGYPT MARINA. INC Balance Sheet as of December 31. 2015 and 2014 in

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Use the following financial statements for Lake of Egypt Marina, Inc. OF EGYPT MARINA. INC Balance Sheet as of December 31. 2015 and 2014 in millions of dolars) 2014 2015 2014 Liabilities and Equity Current labilities Current assets Accrued wages and taxes Accounts payable Notes payable S 90 7 Cash and marketable securites Accounts recelvable Inventory 110 S90 84 144 100 351 80 S 240 216 198 Total $ 561 S 318 Fixed assets Long term debt: $ 510 342 Stockholders equity: Gross plant and equipment Less: Depreciation 121 96 Preferred stock (6 million shares) S Common stock and paid-in surplus (24 million shares) Relained earnings 6 24 156 Net plant and equipment Other long-term assels S 389 S246 217 36 S 439 S282 247 186 Total assets S1.000 600 otal llabilities and equity S 1.000 600 LAKE OF EGYPT MARINA Income Statement for Years Ending December 31, 2015 and 2014 in millions of dollars) 2016 Net sales (all credit Less: Cost of goods sold $ 500 300 150 Gross profits Less. Other operating expenses 5 220 150 30 Earnings before interest taxes, depreciation, and amortization (EBITDA Less: Depreciation 190 132 Earnings before interest and taxes(EBIT) Less: Interest $ 166 114 24 36 Earnings before laxes (EBT) Less: Taxes 130 90 39 Net income $91 63 Less: Prelerred stock dividends $85 57 Net income available to common stockholders Less: Common stock dividends 24 $61 33 Addition to retained eamings Per (common) share data Eamings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) $3.542 2375 1000 1000 S 10.042 7500 15.500 13.300 Calculate the following ratios for Lake of Egypt Marina, Inc. as of year-end 2015. (Use sales when computing the inventory turnover and use common stockholders' equity when computing the equity multiplier. Round your answers to 2 decimal places. Use 365 days a year. LAKE OF EGYPT MARINA, INC

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