Use the following financial statements for Lake of Egypt Marina, Inc. 2018 2017 es 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 $ 30 36 42 $108 $ 99 $ 3 $ 3 Net plant and equipment Other long-term assets Total Total assets 21 229 $253 $400 21 78 $102 $300 $ 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) $ 508 Less: Cost of goods sold 180 Gross profits $ 320 Less: Other operating expenses 3a Earnings before interest, taxes, depreciation, and amortization (EBITDA) 290 Less: Depreciation Earnings before interest and taxes (EBIT) 5 270 Less: Interest 20 Earnings before taxes (EBT) $ 250 Less: Taxes 75 Net income 5 175 Less: Preferred stock dividends 3 Net income available to common stockholders $ 172 Less: Common stock dividends 21 Addition to retained earnings 5 151 Per (Connon) share data: Earnings per share (EPS) $ 8.199 Dividends per share (DPS) $ 1.888 Book value per share (BVPS) $11.905 Market value (price) per share (MVPS) $15.250 $ 180 12 168 16 150 45 185 3 102 21 81 5 $ $ $ $ 4.857 $ 1.000 $4.714 $13.850 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 days days days times limes LAKE OF EGYPT MARINA, INC. a Current ratio b Quick ratio C Cash ratio d Inventory turnover e. Days sales in inventory Average collection period 9 Average payment period ih Fixed asset tumover Sales to working capital Total asset turnover Ik Capital intensity Debratio m. Debt to equity n. Equity multiplier 10 Tyves interesi emned P Cash coverage Profit margin 10 Gross profit margin Operating profit margin 11 Basic earnings power times times ties times times times % 15 %