C$24$fxBPython $($Preview$)$Defined Namin$11$ EAST COAST YACHTS$122022$ INCOME STATEMENT $13$ SalesC$2023$ FORECASTDEGHRATIOS WITH INDUSTRY COMPARIONS$$185,250,00014$ Cost of Goods Soldlast year balance X $(1+$ sustainable growth rate$$136,125,00015$ Other Expenses $16$ Depreciationlast year balance X $(1+$ sustainable growth rat#N$/$A#N$/$ACurrent Ratio$$22,169,000$Quick Ratio Total Asset Turnoverlast year balance X $(1+$ sustainable growth rate#N$/$A$$6,054,000$ $$20,902,00017$ Earnings before interest and Taxes $($EBIT$)$This year fixed assets x depreciation rateN$/$AInventory Turnover$18$ InterestSales$-$COGS$-$Other expenses Depreciation#N$/$A$$3,336,000$Receivables Turnover Debt RatioSame as last year$19$ Taxable Income $20$ Taxes $(21\%)$#N$/$A$$17,566,000$ $$3,688,860$EBIT $-$Interest#N$/$ADebt$-$equity RatioTax rate of $21\%$ Taxable income#N$/$A$21$ Net IncomeEquity Multiplier$$13,877,140$Taxable Income$-$Taxes#N$/$A$22$Interest Coverage$23$ DividendsProfit Margin$$6,340,000(1-$retention ratio$)$x NET INCOME#N$/$AReturn on Assets$24$ Additions to Retained Earnings$$7,537,140$Net Income Dividends#N$/$AReturn on Equity$2526$ EAST COST YACHTS$27$ BALANCE SHEET AS OF DEC $31,2022$ADDITIONAL RATIOS$28$ ASSETSCash Ratio$29$ Cash$$2,891,400$last year balance X $(1+$ sustainable growth rat#N$/$ACash Coverage$30$ Accounts Receivable$$5,201,500$ $$5,832,100$last year balance X $(1+$ sustainable growth rati last year balance X $(1+$ sustainable growth rate#N$/$ADays in Inventory$31$ Inventory#N$/$ADays in Receivables$32$ Total Current Assets$$13,925,000$Cash $+$ A$/$R $+$ Inventory$3334$ NET PP&E $($Fixed Assets$)$$$89,303,400$last year balance $+25$ million$3536$ Total Assets$$103,228,400$Total current assets $+$ NET PP&E#N$/$A#N$/$A$373839$ LIABILITIES$40$ Accounts Payable$$5,582,20041$ Notes Payable$$12,621,500$last year balance X $(1+$ sustainable growth ratlast year balance X $(1+$ sustainable growth ratt#N$/$A#N$/$A$42$ Total Current Liabilities$$18,203,700$Accounts Payable $+$ Notes Payable#N$/$A$43$ Long$-$term Debt$$32,100,000$Same as last year#N$/$A$44$ Total Liabilities$$50,303,700$Total current $+$ long term liabilities#N$/$A$454647$ Common Stock$48$ Retained Earnings$49$ Total Equity$$4,912,000$$$48,012,700$$$52,924,700$Same as last yearQuants for Q$1$ to Q$3$ Quants for Q$4$Last year balance $+$ addition to retained earninCommon Stock $+$ Retained Earnings#N$/$AQuants for Q$5+$