2018 2017 $ 40 50 50 $ 32 40 32 LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Assets Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities $ 60 $ 28 Accrued wages and taxes Accounts receivable 50 36 Accounts payable Inventory 140 132 Notes payable Total Total Fixed assets: Long-term debt: Gross plant and equipment $300 $ 220 Stockholders' equity: Less: Depreciation 75 40 Preferred stock (8 million shares) Common stock and paid-in surplus Net plant and equipment $225 $180 (60 million shares) Other long-term assets 25 24 Retained earnings Total $ 250 $ 204 Total Total assets $500 $400 Total liabilities and equity $250 $196 $140 $ 104 $ 11 $ 124 $ 8 $ 8 60 281 $ 349 60 104 $ 172 $ 400 $500 $ 2017 500 140 360 30 $ $ LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2018 and 2017 (in millions of dollars) 2018 Net sales (all credit) $ 700 Less: Cost of goods sold 210 Gross profits 490 Less: Other operating expenses 49 Earnings before interest, taxes, depreciation, and amortization (EBITDA) 441 Less: Depreciation 35 Earnings before interest and taxes (EBIT) $ 406 Less: Interest 56 Earnings before taxes (EBT) $ 350 Less: Taxes 105 Net income $ 245 Less: Preferred stock dividends $ 8 Net income available to common stockholders $ 237 Less: Common stock dividends 60 Addition to retained earnings $ 177 Per (common) share data: Earnings per share (EPS) $ 3.950 Dividends per share (DPS) $ 1.000 Book value per share (BVPS) $ 5.683 Market value (price) per share (MVPS) $15.050 330 25 305 35 270 81 189 $ $ $ $ 8 181 60 121 $ $ 3.017 $ 1.000 $ 2.733 $12.850 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.) times times times times days days days times times times times % LAKE OF EGYPT MARINA, INC. a. Current ratio b. Quick ratio C. Cash ratio d. Inventory turnover e. Days' sales in inventory f. Average collection period g. Average payment period h. Fixed asset turnover i. Sales to working capital j. Total asset turnover k. Capital intensity I. Debt ratio m. Debt-to-equity n. Equity multiplier Times interest earned p. Cash coverage 9. Profit margin Gross profit margin s. Operating profit margin Basic earnings power u. ROA ROE w. Dividend payout X. Market-to-book ratio y. PE ratio times times 0. times times % r. % % t. % % V. % % times times