Use the following financial statements for Lake of Egypt Marina, Incorporated Assets 2024 LAKE OF EGYPT...

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Use the following financial statements for Lake of Egypt Marina, Incorporated Assets 2024 LAKE OF EGYPT MARINA, INCORPORATED Balance Sheet as of December 31, 2024 and 2023 2023 (in millions of dollars) Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities Accounts receivable Inventory Total $ 117 153 238 $ 508 $ 46 148 Accrued wages and taxes Accounts payable 228 Notes payable $ 422 Total Fixed assets: Long-term debt: Gross plant and equipment $ 618 $ 509 Stockholders' equity: Less: Depreciation 160 119 Net plant and equipment $ 458 $ 390 Other long-term assets Total 69 $ 527 $ 458 Total Total assets $ 1,035 68 Preferred stock (5 million shares) Common stock and paid-in surplus (65 million shares) Retained earnings $ 880 Total liabilities and equity Net sales (all credit) Less: Cost of goods sold Gross profits LAKE OF EGYPT MARINA, INCORPORATED Income Statement for Years Ending December 31, 2024 and 2023 (in millions of dollars) Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Depreciation Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) Calculate the internal and sustainable growth rate for Lake of Egypt Marina, Incorporated. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. 2024 $ 705 2023 325 $ 622 270 $ 380 49 $ 352 44 331 308 41 $ 290 39 $ 269 52 $ 238 49 $ 220 50 66 $ 154 $ 188 $ 5 $ 183 $ 5 $ 149 65 $ 118 65 $ 84 $ 2.815 $ 2.292 $ 1.000 $ 1.000 $ 6.831 $ 5.015 $ 14.80 $ 12.60 2024 2023 $ 59 109 99 $267 $ 319 $ 5 65 379 |: $ 449 $ 331 $ $ 880 1,035 Use the following financial statements for Lake of Egypt Marina, Incorporated Assets 2024 LAKE OF EGYPT MARINA, INCORPORATED Balance Sheet as of December 31, 2024 and 2023 2023 (in millions of dollars) Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities Accounts receivable Inventory Total $ 117 153 238 $ 508 $ 46 148 Accrued wages and taxes Accounts payable 228 Notes payable $ 422 Total Fixed assets: Long-term debt: Gross plant and equipment $ 618 $ 509 Stockholders' equity: Less: Depreciation 160 119 Net plant and equipment $ 458 $ 390 Other long-term assets Total 69 $ 527 $ 458 Total Total assets $ 1,035 68 Preferred stock (5 million shares) Common stock and paid-in surplus (65 million shares) Retained earnings $ 880 Total liabilities and equity Net sales (all credit) Less: Cost of goods sold Gross profits LAKE OF EGYPT MARINA, INCORPORATED Income Statement for Years Ending December 31, 2024 and 2023 (in millions of dollars) Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Depreciation Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) Calculate the internal and sustainable growth rate for Lake of Egypt Marina, Incorporated. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. 2024 $ 705 2023 325 $ 622 270 $ 380 49 $ 352 44 331 308 41 $ 290 39 $ 269 52 $ 238 49 $ 220 50 66 $ 154 $ 188 $ 5 $ 183 $ 5 $ 149 65 $ 118 65 $ 84 $ 2.815 $ 2.292 $ 1.000 $ 1.000 $ 6.831 $ 5.015 $ 14.80 $ 12.60 2024 2023 $ 59 109 99 $267 $ 319 $ 5 65 379 |: $ 449 $ 331 $ $ 880 1,035