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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, 2018 and 2017
Use the following financial statements for Lake of Egypt Marina, Inc. LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 2018 2017 Assets Liabilities and Equity Current assets: Current liabilities: Cash and marketable S 72 $ 48 Accrued wages and $ 56 $ 54 securities taxes Accounts receivable 80 60 Accounts payable 80 66 Inventory 294 186 Notes payable 48 54 Total $ 446 $294 Total $184 $174 Fixed assets: Long-term debt: $376 $240 Gross plant and $400 $336 Stockholders' equity: equipment 86 Preferred stock (6 Less: Depreciation 66 sasa million shares) Common stock and paid- Net plant and in surplus equipment $314 $270 (24 million shares) 24 24 Other long-term 40 36 Retained earnings 210 156 assets Total $354 $306 Total $240 $186 Total assets $800 $600 Total liabilities and $800 $600 equity DCIUss-relerence #1 Page Number Box - Drop Cap uje Files Content Video Media Add-ins Links Comments Header & Footer Text les LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Net sales (all credit) $ 400 $ 250 Less: Cost of goods sold 200 120 Gross profits $ 200 $ 130 Less: Other operating expenses 28 15 Earnings before interest, taxes, depreciation, and amortization (EBITDA) 172 115 Less: Depreciation 20 10 Earnings before interest and taxes (EBIT) 105 Less: Interest 32 15 Earnings before taxes (EBT) 120 $ Less: Taxes 36 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) $ 3.250 $ 2.375 Dividends per share (DPS) $ 1.000 $ 1.000 Book value per share (BVPS) $ 9.750 $ 7.500 Market value (price) per share (MVPS) $15.000 $12.800 los 84 los miles S4 h a Calculate the following ratios for Lake of Egypt Marina, Inc. as of year-end 2018. (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.) times p. LAKE OF EGYPT MARINA, INC. Capital intensity times Debt ratio Debt-to-equity Equity multiplier times Times interest earned times Cash coverage times Profit margin Gross profit margin Operating profit margin Basic earnings power ROA ROE 1% Dividend payout Market-to-book ratio times PE ratio times V. w. VP
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