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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 2017

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

LAKE OF EGYPT MARINA, INC.
Balance Sheet as of December 31, 2018 and 2017
(in millions of dollars)
2018 2017 2018 2017
Assets Liabilities and Equity
Current assets: Current liabilities:
Cash and marketable securities $ 40 $ 30 Accrued wages and taxes $ 32 $ 24
Accounts receivable 32 39 Accounts payable 40 27
Inventory 175 60 Notes payable 32 30
Total $ 247 $ 129 Total $ 104 $ 81
Fixed assets: Long-term debt: $ 36 $ 114
Gross plant and equipment $ 208 $ 189 Stockholders equity:
Less: Depreciation 75 36 Preferred stock (3 million shares) $ 3 $ 3
Net plant and equipment $ 133 $ 153 Common stock and paid-in surplus 24 24
(24 million shares)
Other long-term assets 20 18 Retained earnings 233 78
Total $ 153 $ 171 Total $ 260 $ 105
Total assets $ 400 $ 300 Total liabilities and equity $ 400 $ 300

LAKE OF EGYPT MARINA, INC.
Income Statement for Years Ending December 31, 2018 and 2017
(in millions of dollars)
2018 2017
Net sales (all credit) $ 650 $ 500
Less: Cost of goods sold 260 190
Gross profits $ 390 $ 310
Less: Other operating expenses 52 35
Earnings before interest, taxes, depreciation, and amortization (EBITDA) 338 275
Less: Depreciation 39 30
Earnings before interest and taxes (EBIT) $ 299 $ 245
Less: Interest 39 35
Earnings before taxes (EBT) $ 260 $ 210
Less: Taxes 78 63
Net income $ 182 $ 147
Less: Preferred stock dividends $ 3 $ 3
Net income available to common stockholders $ 179 $ 144
Less: Common stock dividends 24 24
Addition to retained earnings $ 155 $ 120
Per (common) share data:
Earnings per share (EPS) $ 7.458 $ 6.000
Dividends per share (DPS) $ 1.000 $ 1.000
Book value per share (BVPS) $ 10.708 $ 4.250
Market value (price) per share (MVPS) $ 15.200 $ 13.000

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.)

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. gross profit margin ______ %

s. operating profit margin _______ %

t. basic earnings power ________ %

u. ROA ______ %

v. ROE _______ %

w. dividend payout _______ %

x. market-to-book ratio _______ times

y. PE ratio ______ times

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