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Use the following financlal statements for Lake of Egypt Marina, Inc. LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2018 and 2817
Use the following financlal statements for Lake of Egypt Marina, Inc. LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2018 and 2817 (in millions of dollars) 2017 2818 2818 2817 Liabilities and Equity Current liabilities Assets Current assets $ 45 $ 36 $ 33 $48 Cash and marketable securities Accrued wages and taxes Accounts receivable 45 33 Accounts payable Notes payable 48 27 Inventory 288 84 35 24 $293 $153 Total Total $12e $211 84 $117 Fixed assets: Gross plant and equipment Less: Depreciation Long-term debt: Stockholders equity: Preferred stock (3 million shares) $260 $168 $ 3 $ 3 78 39 Comnon stock and paid-in surplus (18 million shares) Retained earnings Net plant and equipment Other long-term assets $129 $182 18 18 25 18 148 78 $147 $169 $99 Total $207 Total $308 Total liabilities and equity Total assets $508 $500 $308 LAKE OF EGYPT MARINA, INC Incone Statement for Years Ending December 31, 2818 and 2817 (in millions of dollars) 2018 2017 Net sales (all credit) Less: Cost of goods sold 650 450 398 261 260 Gross profits Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less Depreciation 189 52 36 288 153 39 27 (EBIT) Earnings before interest and taxes Less Interest Earnings before taxes (EBT) Less Taxes 169 126 39 36 130 96 39 27 91 63 Net income Less: Preferred stock dividends 3 Net income available to common stockholders 88 68 Less: Common stock dividends 18 18 Addition to retained earnings Per (comon) share data: Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MPS) 7e 42 $ 3.333 $1.000 $5.333 $13.408 4.889 $ 1.000 $ 9.222 $15.600 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) ROA ROE Market-to-book ratio times X PE ratio times Y
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