Question
Use the following financial statements for Lake of Egypt Marina, Incorporated LAKE OF EGYPT MARINA, INCORPORATEDBalance Sheet as of December 31, 2024 and 2023(in millions
Use the following financial statements for Lake of Egypt Marina, Incorporated
LAKE OF EGYPT MARINA, INCORPORATEDBalance Sheet as of December 31, 2024 and 2023(in millions of dollars) 20242023 20242023Assets Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities$ 63$ 30Accrued wages and taxes$ 32$ 24Accounts receivable3239Accounts payable4027Inventory17560Notes payable3230Total$ 270$ 129Total$ 104$ 81Fixed assets: Long-term debt:$ 36$ 114Gross plant and equipment$ 208$ 189Stockholders equity: Less: Depreciation7536Preferred stock (3 million shares)$ 3$ 3Net plant and equipment$ 133$ 153Common stock and paid-in surplus (24 million shares)2424Other long-term assets2018Retained earnings25678Total$ 153$ 171Total$ 283$ 105Total assets$ 423$ 300Total liabilities and equity$ 423$ 300LAKE OF EGYPT MARINA, INCORPORATEDIncome Statement for Years Ending December 31, 2024 and 2023(in millions of dollars) 20242023Net sales (all credit)$ 650$ 500Less: Cost of goods sold260190Gross profits$ 390$ 310Less: Other operating expenses5235Earnings before interest, taxes, depreciation, and amortization (EBITDA)338275Less: Depreciation3930Earnings before interest and taxes (EBIT)$ 299$ 245Less: Interest3935Earnings before taxes (EBT)$ 260$ 210Less: Taxes5563Net income$ 205$ 147Less: Preferred stock dividends$ 3$ 3Net income available to common stockholders$ 202$ 144Less: Common stock dividends2424Addition to retained earnings$ 178$ 120Per (common) share data: Earnings per share (EPS)$ 8.417$ 6.000Dividends per share (DPS)$ 1.000$ 1.000Book value per share (BVPS)$ 11.667$ 4.250Market value (price) per share (MVPS)$ 15.200$ 13.000Calculate the following ratios for Lake of Egypt Marina, Incorporated, as of year-end 2024.
Note: Use sales when computing the inventory turnover and use total stockholders' equity when computing the equity multiplier. Round your answers to 2 decimal places. Use 365 days a year.
LAKE OF EGYPT MARINA, INCORPORATED
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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