Use the following financial statements for Lake of Egypt Marina, Inc. 2018 2017 $ 40 $ 36 45 52 LAKE OF EGYPT MARINA, INC. Balance sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Assets Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities $ 55 S 48 Accrued wages and taxes Accounts receivable Accounts payable Inventory 180 Notes payable Total Total Fixed assets: Long-term debt: Gross plant and equipment $265 $ 224 Stockholders' equity: Less: Depreciation Preferred stock (2 million shares ) Common stock and paid-in surplus Net plant and equipment $195 $184 (24 million shares) Other long-term assets Retained earnings Total $220 $208 Total Total assets $500 $400 Total liabilities and equity $280 5192 $192 50 $135 $ 51 $132 $138 $ 2 $ 2 24 288 104 $314 $130 S500 $400 $ LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2018 and 2017 (in millions of dollars) 2018 Net sales (all credit) $ 600 Less: Cost of goods sold 216 Gross profits $ 384 Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Depreciation Earnings before interest and taxes (EBIT) Less: Interest 24 2017 400 120 280 $ 16 354 264 324 $ 240 20 $ 2017 400 120 280 16 S 264 240 LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2018 and 2017 (in millions of dollars) 2018 Net sales (all credit) $ 600 Less: Cost of goods sold 216 Gross profits $ 384 Less: Other operating expenses 30 Earnings before interest, taxes, depreciation, and amortization (EBITDA) 354 Less: Depreciation 30 Earnings before interest and taxes (EBIT) 324 Less: Interest 24 Earnings before taxes (EBT) Less: Taxes Net income 210 Less: Preferred stock dividends $ 2 Net income available to common stockholders S 208 Less: Common stock dividends Addition to retained earnings S 184 Per (common) share data: Earnings per share (EPS) $ 8.667 Dividends per share (DPS) $ 1.000 Book value per share (BVPS) $13.000 Market value (price) per share (MVPS) $15.300 S 300 220 90 154 24 $ 128 $ 6.333 $ 1.000 $ 5.333 $13.100 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.) a. b. d. 9. h. k. LAKE OF EGYPT MARINA, INC. Current ratio 2.07 times Quick ratio 0.74 times Cash ratio 0.41times Inventory turnover 3.33 times Days' sales in inventory 109.50 days Average collection period 27.38 days Average payment period days Fixed asset turnover times Sales to working capital 4.14 times Total asset turnover times Capital intensity times Debt ratio Debt-to-equity times Equity multiplier times Times interest earned times Cash coverage times Profit margin Gross profit margin Operating profit margin Basic earnings power ROA ROE Dividend payout Market-to-book ratio IPF ratin m. n. 0. p. w