Use the following financial statements for Lake of Egypt Marina, Inc.

LAKE OF EGYPT MARINA, INC Balance Sheet as of December 31, 2012 and 2011 (in millions of dollars)
	2012		2011		2012		2011
Assets	Liabilities and Equity
Current assets:							Current liabilities:
Cash and marketable securities	$	55		$	48		Accrued wages and taxes	$	40		$	36
Accounts receivable		45			52		Accounts payable		45			44
Inventory		180			92		Notes payable		50			52
Total	$	280		$	192		Total	$	135		$	132
Fixed assets:							Long term debt:	$	51		$	138
Gross plant and equipment	$	265		$	224		Stockholders equity:
Less: Depreciation		70			40		Preferred stock (2 million shares)	$	2		$	2
			Common stock and paid in surplus (24 million shares)		24			24
Net plant and equipment	$	195		$	184		Retained earnings		288			104
Other long term assets		25			24
Total	$	220		$	208		Total	$	314		$	130
Total assets	$	500		$	400		Total liabilities and equity	$	500		$	400

LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2012 and 2011 (in millions of dollars)

2012

2011

Net sales (all credit)

$

600

$

400

Less: Cost of goods sold

216

120

Gross profits

$

384

$

280

Less: Depreciation

30

24

Other operating expenses

30

16

Earnings before interest and taxes (EBIT)

$

324

$

240

Less: Interest

24

20

Earnings before taxes (EBT)

$

300

$

220

Less: Taxes

90

66

Net income

$

210

$

154

Less: Preferred stock dividends

$

2

$

2

Net income available to common stockholders

$

208

$

152

Less: Common stock dividends

24

24

Addition to retained earnings

$

184

$

128

Per (common) share data:

Earnings per share (EPS)

$

8.667

$

6.333

Dividends per share (DPS)

$

1.000

$

1.000

Book value per share (BVPS)

$

13.000

$

5.333

Market value (price) per share (MVPS)

$

15.300

$Calculate the following ratios for Lake of Egypt Marina, Inc., as of year-end 2012

a.	Current ratio	times
b.	Quick ratio	times
c.	Cash ratio	times
d.	Inventory turnover	times
e.	Days sales in inventory	days
f.	Average collection period	days
g.	Average payment period	days
h.	Fixed asset turnover	times
i.	Sales to working capital	times
j.	Total asset turnover	times
k.	Capital intensity	times
l.	Debt ratio	%
m.	Debt-to-equity	times
n.	Equity multiplier	times
o.	Times interest earned	times
p.	Cash coverage	times
q.	Profit margin	%
r.	Basic earnings power	%
s.	ROA	%
t.	ROE	%
u.	Dividend payout	%
v.	Market-to-book ratio	times
w.	PE ratio	times

References

13.100