Use the following financial statements for Lake of Egypt Marina, Inc. 2018 2017 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, 2018 and 2017 (in millions of dollars) 2018 2017 Liabilities and Equity Current liabilities: $ 44 $ 42 Accrued wages and taxes 36 36 Accounts payable 153 63 Notes payable $233 $141 Total Long-term debt: $212 $186 Stockholders' equity: 65 45 Preferred stock (3 million shares) Common stock and paid-in surplus $147 $141 (21 million shares) 20 18 Retained earnings $167 $159 Total $400 $300 Total liabilities and equity $ 28 32 36 $ 96 $ 51 $ 3e 36 42 $108 $ 90 $ 3 $ 3 Net plant and equipment Other long-term assets Total Total assets 21 229 $253 $400 21 78 $102 $300 I AKF OF CY $ $ 2017 300 105 195 15 $ LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2018 and 2017 (in millions of dollars) 2018 Net sales (all credit) $ 500 Less: Cost of goods sold 180 Gross profits $ 320 Less: Other operating expenses 30 Earnings before interest, taxes, depreciation, and amortization (EBITDA) 290 Less: Depreciation 20 Earnings before interest and taxes (EBIT) $ 270 Less: Interest 20 Earnings before taxes (EBT) $ 250 Less: Taxes Net income $ 175 Less: Preferred stock dividends $ 3 Net income available to common stockholders $ 172 Less: Common stock dividends 21 Addition to retained earnings $ 151 Per (common) share data: Earnings per share (EPS) $ 8.190 Dividends per share (DPS) $ 1.000 Book value per share (BVPS) $11.905 Market value (price) per share (MVPS) $15.250 $ 180 12 168 18 150 45 $ 75 $ 105 $ $ 3 102 21 81 $ $ 4.857 $ 1 000 $ 4714 $13050 Calculate the following ratios for Lake of Egypt Marina, Inc. as of year-end 2018. (Use sales when compu et value price) per share (MVPS) $15.250 $13.050 nces 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.) times times times times LAKE OF EGYPT MARINA, INC. a Current ratio D Quick ratio Cash ratio d Inventory turnover e Days' sales in inventory 11 Average collection period 9 Average payment period h Fixed asset turnover Sales to working capital Total asset turnover IK Capital intensity days days days times times times times GEW MIN