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Use the following financial statements for Lake of Egypt Marina, Inc. LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2021 and 2020

Use the following financial statements for Lake of Egypt Marina, Inc.

LAKE OF EGYPT MARINA, INC.
Balance Sheet as of December 31, 2021 and 2020
(in millions of dollars)
2021 2020 2021 2020
Assets Liabilities and Equity
Current assets: Current liabilities:
Cash and marketable securities $ 65 $ 33 Accrued wages and taxes $ 40 $ 27
Accounts receivable 40 30 Accounts payable 35 24
Inventory 204 90 Notes payable 30 21
Total $ 309 $ 153 Total $ 105 $ 72
Fixed assets: Long-term debt: $ 163 $ 132
Gross plant and equipment $ 255 $ 165 Stockholders equity:
Less: Depreciation 69 36 Preferred stock (3 million shares) $ 3 $ 3
Net plant and equipment $ 186 $ 129 Common stock and paid-in surplus 15 15
(15 million shares)
Other long-term assets 25 18 Retained earnings 234 78
Total $ 211 $ 147 Total $ 252 $ 96
Total assets $ 520 $ 300 Total liabilities and equity $ 520 $ 300

LAKE OF EGYPT MARINA, INC.
Income Statement for Years Ending December 31, 2021 and 2020
(in millions of dollars)
2021 2020
Net sales (all credit) $ 550 $ 350
Less: Cost of goods sold 220 133
Gross profits $ 330 $ 217
Less: Other operating expenses 44 28
Earnings before interest, taxes, depreciation, and amortization (EBITDA) 286 189
Less: Depreciation 33 21
Earnings before interest and taxes (EBIT) $ 253 $ 168
Less: Interest 33 28
Earnings before taxes (EBT) $ 220 $ 140
Less: Taxes 46 42
Net income $ 174 $ 98
Less: Preferred stock dividends $ 3 $ 3
Net income available to common stockholders $ 171 $ 95
Less: Common stock dividends 15 15
Addition to retained earnings $ 156 $ 80
Per (common) share data:
Earnings per share (EPS) $ 11.400 $ 6.333
Dividends per share (DPS) $ 1.000 $ 1.000
Book value per share (BVPS) $ 16.600 $ 6.200
Market value (price) per share (MVPS) $ 15.650 $ 13.450

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.)

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