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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 $ 90 $ 47 Accrued wages and taxes $ 58 $ 61
Accounts receivable 151 146 Accounts payable 108 98
Inventory 236 226 Notes payable 98 88
Total $ 477 $ 419 Total $ 264 $ 247
Fixed assets: Long-term debt: $ 318 $ 298
Gross plant and equipment $ 616 $ 507 Stockholders equity:
Less: Depreciation 158 118 Preferred stock (5 million shares) $ 5 $ 5
Net plant and equipment $ 458 $ 389 Common stock and paid-in surplus 65 65
(65 million shares)
Other long-term assets 68 67 Retained earnings 351 260
Total $ 526 $ 456 Total $ 421 $ 330
Total assets $ 1,003 $ 875 Total liabilities and equity $ 1,003 $ 875

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) $ 695 $ 612
Less: Cost of goods sold 320 265
Gross profits $ 375 $ 347
Less: Other operating expenses 48 43
Earnings before interest, taxes, depreciation, and amortization (EBITDA) 327 304
Less: Depreciation 40 38
Earnings before interest and taxes (EBIT) $ 287 $ 266
Less: Interest 51 48
Earnings before taxes (EBT) $ 236 $ 218
Less: Taxes 75 73
Net income $ 161 $ 145
Less: Preferred stock dividends $ 5 $ 5
Net income available to common stockholders $ 156 $ 140
Less: Common stock dividends 65 65
Addition to retained earnings $ 91 $ 75
Per (common) share data:
Earnings per share (EPS) $ 2.400 $ 2.154
Dividends per share (DPS) $ 1.000 $ 1.000
Book value per share (BVPS) $ 6.400 $ 5.000
Market value (price) per share (MVPS) $ 15.65 $ 13.45

Internal Growth rate _____%

Sustainable growth rate ______%

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