Use the following financial statements for Lake of Egypt Marina, Inc. LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 2020 2021 2020 Assets Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities $ 91 $ 28 Accrued wages and taxes $ 40 $ 32 Accounts receivable 50 36 Accounts payable 50 40 Inventory 140 132 Notes payable 50 32 Total $ 281 $ 196 Total $ 140 $ 104 Fixed assets: Long-term debt: $ 11 $ 124 Gross plant and equipment $ 300 $ 220 Stockholders’ equity: Less: Depreciation 75 40 Preferred stock (8 million shares) $ 8 $ 8 Net plant and equipment $ 225 $ 180 Common stock and paid-in surplus 60 60 (60 million shares) Other long-term assets 25 24 Retained earnings 312 104 Total $ 250 $ 204 Total $ 380 $ 172 Total assets $ 531 $ 400 Total liabilities and equity $ 531 $ 400 LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Net sales (all credit) $ 700 $ 500 Less: Cost of goods sold 210 140 Gross profits $ 490 $ 360 Less: Other operating expenses 49 30 Earnings before interest, taxes, depreciation, and amortization (EBITDA) 441 330 Less: Depreciation 35 25 Earnings before interest and taxes (EBIT) $ 406 $ 305 Less: Interest 56 35 Earnings before taxes (EBT) $ 350 $ 270 Less: Taxes 74 81 Net income $ 276 $ 189 Less: Preferred stock dividends $ 8 $ 8 Net income available to common stockholders $ 268 $ 181 Less: Common stock dividends 60 60 Addition to retained earnings $ 208 $ 121 Per (common) share data: Earnings per share (EPS) $ 4.467 $ 3.017 Dividends per share (DPS) $ 1.000 $ 1.000 Book value per share (BVPS) $ 6.200 $ 2.733 Market value (price) per share (MVPS) $ 15.050 $ 12.850 Construct the DuPont ROA and ROE breakdowns for Lake of Egypt Marina, Inc. (Do not round intermediate calculations. Round your answers to 2 decimal places.) The ones written the same way are wrong please help I haven't found the right answer yet.

Use the following financial statements for Lake of Egypt Marina, Inc. LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 2020 2021 2020 Assets Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities $ 91 $ 28 Accrued wages and taxes $ 40 $ 32 Accounts receivable 50 36 Accounts payable 50 40 Inventory 140 132 Notes payable 50 32 Total $ 281 $ 196 Total $ 140 $ 104 Fixed assets: Long-term debt: $ 11 $ 124 Gross plant and equipment $ 300 $ 220 Stockholders’ equity: Less: Depreciation 75 40 Preferred stock (8 million shares) $ 8 $ 8 Net plant and equipment $ 225 $ 180 Common stock and paid-in surplus 60 60 (60 million shares) Other long-term assets 25 24 Retained earnings 312 104 Total $ 250 $ 204 Total $ 380 $ 172 Total assets $ 531 $ 400 Total liabilities and equity $ 531 $ 400 LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Net sales (all credit) $ 700 $ 500 Less: Cost of goods sold 210 140 Gross profits $ 490 $ 360 Less: Other operating expenses 49 30 Earnings before interest, taxes, depreciation, and amortization (EBITDA) 441 330 Less: Depreciation 35 25 Earnings before interest and taxes (EBIT) $ 406 $ 305 Less: Interest 56 35 Earnings before taxes (EBT) $ 350 $ 270 Less: Taxes 74 81 Net income $ 276 $ 189 Less: Preferred stock dividends $ 8 $ 8 Net income available to common stockholders $ 268 $ 181 Less: Common stock dividends 60 60 Addition to retained earnings $ 208 $ 121 Per (common) share data: Earnings per share (EPS) $ 4.467 $ 3.017 Dividends per share (DPS) $ 1.000 $ 1.000 Book value per share (BVPS) $ 6.200 $ 2.733 Market value (price) per share (MVPS) $ 15.050 $ 12.850 Construct the DuPont ROA and ROE breakdowns for Lake of Egypt Marina, Inc. (Do not round intermediate calculations. Round your answers to 2 decimal places.) The ones written the same way are wrong please help I haven't found the right answer yet.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Use the following financial statements for Lake of Egypt Marina, Inc.

LAKE OF EGYPT MARINA, INC.
Balance Sheet as of December 31, 2021 and 2020
(in millions of dollars)
	2021		2020		2021	2020
Assets							Liabilities and Equity
Current assets:							Current liabilities:
Cash and marketable securities	$	91		$	28		Accrued wages and taxes	$	40	$	32
Accounts receivable		50			36		Accounts payable		50		40
Inventory		140			132		Notes payable		50		32
Total	$	281		$	196		Total	$	140	$	104
Fixed assets:							Long-term debt:	$	11	$	124
Gross plant and equipment	$	300		$	220		Stockholders’ equity:
Less: Depreciation		75			40		Preferred stock (8 million shares)	$	8	$	8
Net plant and equipment	$	225		$	180		Common stock and paid-in surplus		60		60
(60 million shares)
Other long-term assets		25			24		Retained earnings		312		104
Total	$	250		$	204		Total	$	380	$	172
Total assets	$	531		$	400		Total liabilities and equity	$	531	$	400

LAKE OF EGYPT MARINA, INC.
Income Statement for Years Ending December 31, 2021 and 2020
(in millions of dollars)
	2021		2020
Net sales (all credit)	$	700		$	500
Less: Cost of goods sold		210			140
Gross profits	$	490		$	360
Less: Other operating expenses		49			30
Earnings before interest, taxes, depreciation, and amortization (EBITDA)		441			330
Less: Depreciation		35			25
Earnings before interest and taxes (EBIT)	$	406		$	305
Less: Interest		56			35
Earnings before taxes (EBT)	$	350		$	270
Less: Taxes		74			81
Net income	$	276		$	189
Less: Preferred stock dividends	$	8		$	8
Net income available to common stockholders	$	268		$	181
Less: Common stock dividends		60			60
Addition to retained earnings	$	208		$	121
Per (common) share data:
Earnings per share (EPS)	$	4.467		$	3.017
Dividends per share (DPS)	$	1.000		$	1.000
Book value per share (BVPS)	$	6.200		$	2.733
Market value (price) per share (MVPS)	$	15.050		$	12.850

Construct the DuPont ROA and ROE breakdowns for Lake of Egypt Marina, Inc. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

The ones written the same way are wrong please help I haven't found the right answer yet.

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