Instructions #1 Answer #2 Answer #3 Answer #4 Answer #5 Answer Week 7 Case Study Instructions e Week7 Case can be found in your textbook starting on page 348. If yoa using the eBook. it is the Closing Cuse in Chapter 3 ot the Corporate Finance book. The cuse is entitled "RATIOS AND FINANCIAL N N?G A E SI C ASI YA 11 IS". I he ca e has live Sj ques luns Each yuestion should be answered n lls U n answer ab. included in lls lertiplale. Please read hrough each question carefully to ensure that answered each part correctly. Below is an electnic copy of the Income Statement, Ralance Shect and Industry Ratios for your reference. Please ensure that you show your work for cach of the pohlems. Use whenever possiblc, and link numbers o l within your formulas instcad of typing in the numbers. This will allow me to morc casily follow your work and thought process, and wll reduce the likelihood for based on typos. The highlighted areas within euch answer key should be completed'contain your answers East Cost Yachts 2017 Income Statement East Cost Yachts 2017 Balance Sheet Sales Cost of Goods Sold Selling, general & admin expenses Depreciation EBIT Interest expensc EBT Taxes Net Income $611,582,000.0 Current Assets Current liabilities 431.006 $44.461.550 Cash and equivalents Accounts receivahle Inventory Other Accounts payable Accrued expenses $11,119.700.) 3,085,700 18,681,S 20.149.650 1,172,200 Total current liabilities 19,958 S87,531,900.00 11,000 S6,531,000.00 $50.584.750 Total current asscts $51,123.050 $16.260.000 $169.260,000 Lixed assets Long-tem debt 30,612,400 Total long-le abilies Property, plant and equipment Net property, plant and equipment Total fixed assets $457,509,600.00 113.845,9 $343,663,700.00 Less accumulated depreciation Dividends Retained Earnings S45,918,600.00 S17,374,500.0 S28,544,100.0 Intanuible assets and others 6.772.0) Stockholders equity Preferred stock Common stock Capital surplus Accumulated retained earnings S1,970,00000 37,583,7 28.116 S350,435,700,00 161,564,000 Less treasury stock Total equity 47.520 181,714,000,00 Total asscts $401,558,750.00Tota iabilitics and sharcholders' cquity 401.558.750