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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 $ 72 $ 30 Accrued wages and taxes $ 40 $ 30
Accounts receivable 104 50 Accounts payable 80 55
Inventory 184 150 Notes payable 48 50
Total $ 360 $ 230 Total $ 168 $ 135
Fixed assets: Long-term debt: $ 320 $ 181
Gross plant and equipment $ 504 $ 305 Stockholders equity:
Less: Depreciation 104 65 Preferred stock (4 million shares) $ 4 $ 4
Net plant and equipment $ 400 $ 240 Common stock and paid-in surplus 50 50
(50 million shares)
Other long-term assets 40 30 Retained earnings 258 130
Total $ 440 $ 270 Total $ 312 $ 184
Total assets $ 800 $ 500 Total liabilities and equity $ 800 $ 500

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 $ 400
Less: Cost of goods sold 247 168
Gross profits $ 403 $ 232
Less: Other operating expenses 52 24
Earnings before interest, taxes, depreciation, and amortization (EBITDA) 351 208
Less: Depreciation 39 20
Earnings before interest and taxes (EBIT) $ 312 $ 188
Less: Interest 52 28
Earnings before taxes (EBT) $ 260 $ 160
Less: Taxes 78 48
Net income $ 182 $ 112
Less: Preferred stock dividends $ 4 $ 4
Net income available to common stockholders $ 178 $ 108
Less: Common stock dividends 50 50
Addition to retained earnings $ 128 $ 58
Per (common) share data:
Earnings per share (EPS) $ 3.560 $ 2.160
Dividends per share (DPS) $ 1.000 $ 1.000
Book value per share (BVPS) $ 6.160 $ 3.600
Market value (price) per share (MVPS) $ 14.850 $ 12.650

Construct the DuPont ROA and ROE breakdowns for Lake of Egypt Marina, Inc. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

DUPont Analysis

ROA _____% * _____times = _______%

ROE______% * _____times * ________times =________%

ROA= Profit margin * Total asset turnover

ROE= ROA * Equity Multiplier

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