Use the following financial statements for Lake of Egypt Marina, Inc. 2021 2020 $ 40 $ 20 32 35 24 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 $ 74 $ 36 Accrued wages and taxes Accounts receivable 40 Accounts payable Inventory 223 148 Notes payable Total $ 337 $ 216 Total Fixed assets: Long-term debt: Gross plant and equipment $ 255 $200 Stockholders' equity: Less: Depreciation 88 40 Preferred stock (4 million shares) Common stock and paid-in surplus Net plant and equipment $167 $ 160 (16 million shares) Other long-term assets 25 24 Retained earnings Total $192 $184 Total Total assets $ 529 $400 Total liabilities and equity 30 $105 $ 67 32 $ 76 $ 200 $ 4 $ 4 16 337 $357 $529 16 104 $124 $400 $ 2020 600 192 408 36 $ $ $ LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 Net sales (all credit) $ 800 Less: Cost of goods sold 320 Gross profits 480 Less: Other operating expenses 64 Earnings before interest, taxes, depreciation, and amortization (EBITDA) 416 Less: Depreciation 48 Earnings before interest and taxes (EBIT) $ 368 Less: Interest 48 Earnings before taxes (EBT) $ 320 Less: Taxes 67 Net income $ 253 Less: Preferred stock dividends $ Net income available to common stockholders $ 249 Less: Common stock dividends 16 Addition to retained earnings $ 233 Per (common) share data: Earnings per share (EPS) $15.563 Dividends per share (DPS) $ 1.000 Book value per share (BVPS) $22.063 Market value (price) per share (MVPS) $15.100 O 372 30 342 42 300 90 es $ 210 4 $ 4 208 16 190 $ $12.875 $ 1.000 $ 7.500 $12.900 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.) 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.) a. LAKE OF EGYPT MARINA, INC. Current ratio Quick ratio Industry 3.21 times 1.30 times b. C. Cash ratio times times days days days times i. times times times 1. % d. Inventory turnover e. Days' sales in inventory f. Average collection period g Average payment period h. Fixed asset turnover Sales to working capital i. Total asset turnover k. Capital intensity Debt ratio m. Debt-to-equity n. Equity multiplier 0. Times interest earned p. Cash coverage q Profit margin r. Gross profit margin Operating profit margin t. Basic earnings power u. ROA ROE times times times times % % S. % % % V. % W. % Dividend payout Market-to-book ratio X times y. PE ratio times