'roblem 3-29 Spreadsheet Problem: DuPont Analysis (LG3-6) se the following financial statements for Lake of Egypt Marina, Incorporated Assets Current assets: Cash and marketable securities Accounts receivable Inventory 2024 LAKE OF EGYPT MARINA, INCORPORATED Balance Sheet as of December 31, 2024 and 2023 (in millions of dollars) 2823 Liabilities and Equity Accrued wages and taxes Accounts payable Notes payable Current liabilities: $125 88 $ 60 66 248 156 Total Fixed assets: $ 461 $ 282 Total Long-term debt: Gross plant and equipment $ 416 $ 330 Stockholders' equity: Less: Depreciation 88 48 Preferred stock (6 million shares) Net plant and equipment Other long-term assets Total $328 40 $282 36 $ 368 $318 Total Total assets $829 Common stock and paid-in surplus (48 million shares) Retained earnings $ 600 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) 2024 2023 $48 $ 60 56 72 64 78 $168 $252 $ 210 $180 $ 6 $ 6 48 355 48 156 $489 $ 210 $ 829 $ 600 2024 $ 800 2023 $ 600 368 240 $ 432 40 $ 360 24 392 336 40 36 $ 352 $ 300 32 30 $ 320 67 $253 $ 6 $ 247 48 $199 $135 $ 270 81 $ 189 $ 6 $183 48 $ 5.146 $ 3.813 $ 1.000 $ 1.000 $ 8.396 $ 4.250 $ 15.350 $ 13.150 Construct the DuPont ROA and ROE breakdowns for Lake of Egypt Marina, Incorporated for the year ended 2024. Note: Do not round Intermediate calculations. Round your answers to 2 decimal places. DuPont Analysis ROA 29.80 % x times ROE 59.45 % x times X times= 96
'roblem 3-29 Spreadsheet Problem: DuPont Analysis (LG3-6) se the following financial statements for Lake of Egypt Marina, Incorporated Assets Current assets: Cash and marketable securities Accounts receivable Inventory 2024 LAKE OF EGYPT MARINA, INCORPORATED Balance Sheet as of December 31, 2024 and 2023 (in millions of dollars) 2823 Liabilities and Equity Accrued wages and taxes Accounts payable Notes payable Current liabilities: $125 88 $ 60 66 248 156 Total Fixed assets: $ 461 $ 282 Total Long-term debt: Gross plant and equipment $ 416 $ 330 Stockholders' equity: Less: Depreciation 88 48 Preferred stock (6 million shares) Net plant and equipment Other long-term assets Total $328 40 $282 36 $ 368 $318 Total Total assets $829 Common stock and paid-in surplus (48 million shares) Retained earnings $ 600 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) 2024 2023 $48 $ 60 56 72 64 78 $168 $252 $ 210 $180 $ 6 $ 6 48 355 48 156 $489 $ 210 $ 829 $ 600 2024 $ 800 2023 $ 600 368 240 $ 432 40 $ 360 24 392 336 40 36 $ 352 $ 300 32 30 $ 320 67 $253 $ 6 $ 247 48 $199 $135 $ 270 81 $ 189 $ 6 $183 48 $ 5.146 $ 3.813 $ 1.000 $ 1.000 $ 8.396 $ 4.250 $ 15.350 $ 13.150 Construct the DuPont ROA and ROE breakdowns for Lake of Egypt Marina, Incorporated for the year ended 2024. Note: Do not round Intermediate calculations. Round your answers to 2 decimal places. DuPont Analysis ROA 29.80 % x times ROE 59.45 % x times X times= 96
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:'roblem 3-29 Spreadsheet Problem: DuPont Analysis (LG3-6)
se the following financial statements for Lake of Egypt Marina, Incorporated
LAKE OF EGYPT MARINA, INCORPORATED
Balance Sheet as of December 31, 2024 and 2023
(in millions of dollars)
2024
2023
Assets
Current assets:
Liabilities and Equity
Cash and marketable securities
Accounts receivable
$ 125
$ 60
Inventory
88
248
66
156
Current liabilities:
Accrued wages and taxes
Accounts payable
Notes payable
Total
Fixed assets:
$ 461
$ 282
Total
Long-term debt:
Gross plant and equipment
$ 416
$ 330 Stockholders' equity:
Less: Depreciation
88
48
Preferred stock (6 million shares)
Net plant and equipment
$ 328
$ 282
Other long-term assets
Total
40
36
$ 368
$ 318
Total
Total assets
$ 829
Common stock and paid-in surplus (48 million shares)
Retained earnings
$ 600 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)
2024
2023
$ 48
$ 60
56
72
64
78
$ 168
$ 210
$ 252
$ 180
$ 6
$ 6
48
48
355
156
$ 489
$ 210
$ 829
$ 600
2024
$ 800
368
$ 432
40
2023
$ 600
240
$ 360
24
392
336
40
36
$ 352
32
$ 300
30
$ 320
$ 270
67
81
$ 253
$ 189
$ 6
$ 6
$ 247
$ 183
48
48
$ 199
$ 135
$ 5.146
$ 3.813
$ 1.000
$ 1.000
$ 8.396
$ 4.250
$ 15.350
$ 13.150
Construct the DuPont ROA and ROE breakdowns for Lake of Egypt Marina, Incorporated for the year ended 2024.
Note: Do not round Intermediate calculations. Round your answers to 2 decimal places.
DuPont Analysis
ROA
29.80 % x
times
96
ROE
59.45 % x
times
times =
96
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