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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
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 dollars) 2014 2015 2015 2014 Liabilities and Equity Current liabilities: Assets Current assets Cash and marketable securities 5028 Accounts receivable Inventory 70 128 Accrued wages and taxes Accounts payable Notes payable 5 30 28 48 112 35 20 120 134 Total 5 246 184 Tota Fixed assets Long term debt S 320 248 Stockholders equity: Gross plant and Less: Depreciation equipment 56 Preferred stock (2 million shares) Common stock and paid-in surplus (40 million shares) Retained earnings 40 40 Net plant and equipment Other long-term assets 5 229 192 307 104 24 5 254 216 400 25 Tota Tota S 349 14 Total assets S 500 Total liabilities and equity 500 400
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