Use the following financial statements for Lake of Egypt Marina, Inc. 2021 2020 Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Liabilities and Equity Current liabilities: $ 82 $ 48 Accrued wages and taxes 45 52 Accounts payable 180 92 Notes payable $307 $192 Total Long-term debt: $265 $224 Stockholders' equity: 70 40 Preferred stock (2 million shares) Common stock and paid-in surplus $195 $184 (24 million shares) 25 24 Retained earnings $220 $208 Total $ 527 $400 Total liabilities and equity $ 40 45 50 $135 $ 51 $36 44 52 $132 $138 $ 2. $ 2 Net plant and equipment Other long-term assets Total Total assets 24 315 $341 24 104 $130 $400 $527 2020 $ 400 120 $ 280 16 $ LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 Net sales (all credit) $ 600 Less: Cost of goods sold 216 Gross profits $ 384 Less: Other operating expenses 3e 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) $ 300 Less: Taxes 63 Net income $ 237 Less: Preferred stock dividends $ 2 Net income available to common stockholders $ 235 Less: Common stock dividends 24 Addition to retained earnings $ 211 Per (common) share data: Earnings per share (EPS) $ 9.792 Dividends per share (DPS) $ 1.000 Book value per share (BVPS) $14.125 Market value (price) per share (MVPS) $15.300 264 24 240 20 220 66 154 $ $ $ $ 2 152 24 128 $ $ 6.333 $ 1.000 $ 5.333 $13.100 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.) Industry LAKE OF EGYPT MARINA, INC. Current ratio a. a times b. c. d. times times times e. days f. days days g. h h. times i. times times j. k. I. times Quick ratio Cash ratio Inventory turnover Days' sales in inventory Average collection period Average payment period Fixed asset turnover Sales to working capital Total asset turnover Capital intensity Debt ratio Debt-to-equity Equity multiplier Times interest earned Cash coverage Profit margin Gross profit margin Operating profit margin Basic earnings power ROA ROE % m. m times n. times times 0. p. times 9. % r. % s. t. % % % u. V. % w. % X Dividend payout Market-to-book ratio PE ratio times y. times