Use the following financial statements for Lake of Egypt Marina, Inc. LAKE OF EGYPT MARINA, INC Balance Sheet as of December 31, 2012 and 2011 (in millions of dollars) 2012 2011 2012 2011 Current Assets ` Current Liabilities Cash and marketable securities $120 $84 Accrues wages and taxes 60 63 Accounts receivable 110 98 Accounts payable 70 56 Inventory 306 196 Notes payable 80 49 Total current assets $536 $378 Total current liabilities $210 $168 Fixed Assets Long Term Debt $356 $301 Gross plant and equipment $520 $350 Stockholder's Equity Depreciation (106) (70) Retained earnings $385 $182 Net plant and equipment $414 $280 Preferred stock (7 mil. shares) 7 7 Other Long Term Assets $50 $42 Common stock and paid in surplus (42 mil. shares) 42 42 Total stockholder's equity $434 $231 Total Assets $1,000 $700 Total Liabilities and Stockholder's Equity $1,000 $700 LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2012 and 2011 (in millions of dollars) 2012 2011 Net sales (all credit) $900 $800 COGS 414 320 Gross profits 486 480 Depreciation 36 48 Other operating expenses 54 64 EBIT 396 368 Interest 36 48 EBT 360 320 Taxes 108 96 Net income 252 224 Preferred stock dividends 7 7 Net income available to common stockholders 245 217 Common stock dividends 42 42 Addition to retained earnings 203 175 Per (common) share data: EPS 5.833 5.167 DPS 1.00 1.00 BVPS 10.167 5.333 MVPS 15.400 13.200 Calculate the following for Lake of Egypt Marina, Inc., as of year-end 2012. Round your answers to 2 decimal places. Use 365 days a year. Current ratio.
Use the following financial statements for Lake of Egypt Marina, Inc.
LAKE OF EGYPT MARINA, INC
(in millions of dollars) 2012 2011 2012 2011
Current Assets ` Current Liabilities
Cash and marketable securities $120 $84 Accrues wages and taxes 60 63
Inventory 306 196 Notes payable 80 49
Total current assets $536 $378 Total current liabilities $210 $168
Fixed Assets Long Term Debt $356 $301
Gross plant and equipment $520 $350
Net plant and equipment $414 $280
Other Long Term Assets $50 $42 Common stock and paid in surplus (42 mil. shares) 42 42
Total stockholder's equity $434 $231
Total Assets $1,000 $700 Total Liabilities and Stockholder's Equity $1,000 $700
LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2012 and 2011
(in millions of dollars) 2012 2011
Net sales (all credit) $900 $800
COGS 414 320
Gross profits 486 480
Depreciation 36 48
Other operating expenses 54 64
EBIT 396 368
Interest 36 48
EBT 360 320
Taxes 108 96
Net income 252 224
Preferred stock dividends 7 7
Net income available to common stockholders 245 217
Common stock dividends 42 42
Addition to retained earnings 203 175
Per (common) share data:
EPS 5.833 5.167
DPS 1.00 1.00
BVPS 10.167 5.333
MVPS 15.400 13.200
Calculate the following for Lake of Egypt Marina, Inc., as of year-end 2012. Round your answers to 2 decimal places. Use 365 days a year.
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