Use the following financial statements for Lake of Egypt Marina to calculate and interpret the Altman€™s Z-score for this firm as of 2015.
Lake of Egypt Marina, Inc.
Balance Sheet as of December 31, 2015 and 2014
(in millions of dollars)

Lake of Egypt Marina, Inc.
Income Statement for Years Ending December 31, 2015 and 2014
(in millions ofdollars)

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$515 $255 $233 S200 Net sales (all credit) Less: Cost of goods sold Gross profits Less: Depreciation and other operating expenses22 Eamings before interest andtaxes (EBIT Less: Interest Eamings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained eamings Per (common) share data S 432 S 232 S 212 S 121 S138 S 73 S 57 Eamings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share MVPS) $2.123 $1.000 $6.077 $14.750 $1.877 $1.000 $4.723 $12.550