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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 2817
Use the following financial statements for Lake of Egypt Marina, Inc. LAKE OF EGYPT MARINA, INC Balance Sheet as of December 31, 2018 and 2817 (in millions of dollars) 2018 2017 2818 2017 Liabilities and Equity Assets Current liabilities: Current assets: $ 56 Cash and marketable securities 50 Accrued wages and taxes Accounts payable Notes payable 50 48 Accounts receivable Inventory 60 52 55 44 285 96 60 48 Total $315 $284 Total $165 $ 42 $132 $136 Fixed assets: Long-term debt: stockholders' equity: Preferred stock (4 million shares) Common stock and paid-in surplus (24 million shares) Retained earnings Gross plant and equipment Less: Depreciation $250 $232 $ 4 $ 4 90 60 Net plant and equipment other long-term assets $160 $172 24 24 25 24 265 104 Total $185 $196 Total $293 $132 $500 $480 Total liabilities and equity $50e $400 Total assets LAKE OF EGYPT MARINA, INC Income Statement for Years Ending December 31, 2818 and 2817 (in millions of dollars) 2018 2017 Net sales (all credit) Less: Cost of goods sold Gross profits Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Depreciation Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) 600 480 216 120 384 280 36 24 348 256 30 24 318 232 48 32 27e 200 Less: Taxes 81 68 Net income 189 140 Less: Preferred stock dividends 4 Net income available to common stockholders 185 136 Less: Common stock dividends Addition to retained earnings Per (common) share data: Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MPS) 24 24 161 112 $5.670 $ 1.000 $ 5.330 $13.350 7.716 $ 1.000 $12.040 $15.550 Construct the DuPont ROA and ROE breakdowns for Lake of Egypt Marina, Inc. For the Equity Multiplier, use Total Assets/Common Equity. When calculating ROA and ROE, use the intermediate calculations to at least 4 decimal places. (Do not round Intermedlate calculatlons. Round your answers to 2 declmal places.) DuPont Analysis 6 times 9% ROA times ROE 96 times
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