Calculate the following ratios for Lake of Egypt Marina, Incorporated, as of year-end 2024. Note: Use sales when computing the inventory turnover and use total stockholders' equity when computing the equity multiplier. Round your answers to 2 decimal places. Use 365 days a year. LAKE OF EGYPT MARINA, INCORPORATED a. Current ratio b. Quick ratio c. Cash ratio d. Inventory turnover e. Days' sales in inventory f. Average collection period g. Average payment period h. Fixed asset turnover i. Sales to working capital j. Total asset turnover k. Capital intensity I. Debt ratio m. Debt-to-equity n. Equity multiplier times times times times days days days times times times times % times times times times % % o. Times interest earned p. Cash coverage q. Profit margin r. Gross profit margin s. Operating profit margin t. Basic earnings power % % u. ROA % v. ROE % w. Dividend payout % x. Market-to-book ratio times y. PE ratio times Use 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 Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities Accounts receivable Inventory $ 82 45 180 $ 48 Accrued wages and taxes 52 Accounts payable 92 Notes payable Total Fixed assets: $ 307 $ 192 Total Long-term debt: Gross plant and equipment $ 265 Less: Depreciation 70 40 Net plant and equipment Other long-term assets Total $ 195 25 $ 184 24 $ 220 $ 208 Total Total assets $ 527 $ 224 Stockholders' equity: Preferred stock (2 million shares) Common stock and paid-in surplus (24 million shares) Retained earnings $ 400 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) 2024 $ 600 216 $ 384 30 354 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) 2023 $ 400 120 $ 280 16 264 30 24 $ 240 24 20 $ 324 $ 300 $ 220 63 66 $ 154 $ 237 $ 2 $ 235 24 $ 211 $ 2 $ 152 24 $ 128 $ 9.792 $ 6.333 $ 1.000 $ 1.000 $ 14.125 $ 5.333 $ 15.300 $ 13.100 Calculate the following ratios for Lake of Egypt Marina, Incorporated, as of year-end 2024. 2024 2023 $ 40 $ 36 45 44 50 52 $ 135 $ 132 $ 51 $ 138 $ 2 $ 2 24 24 315 104 $ 341 $ 130 $ 527 $ 400 Note: Use sales when computing the inventory turnover and use total stockholders' equity when computing the equity multiplier. Round your answers to 2 decimal places. Use 365 days a year.

Calculate the following ratios for Lake of Egypt Marina, Incorporated, as of year-end 2024. Note: Use sales when computing the inventory turnover and use total stockholders' equity when computing the equity multiplier. Round your answers to 2 decimal places. Use 365 days a year. LAKE OF EGYPT MARINA, INCORPORATED a. Current ratio b. Quick ratio c. Cash ratio d. Inventory turnover e. Days' sales in inventory f. Average collection period g. Average payment period h. Fixed asset turnover i. Sales to working capital j. Total asset turnover k. Capital intensity I. Debt ratio m. Debt-to-equity n. Equity multiplier times times times times days days days times times times times % times times times times % % o. Times interest earned p. Cash coverage q. Profit margin r. Gross profit margin s. Operating profit margin t. Basic earnings power % % u. ROA % v. ROE % w. Dividend payout % x. Market-to-book ratio times y. PE ratio times Use 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 Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities Accounts receivable Inventory $ 82 45 180 $ 48 Accrued wages and taxes 52 Accounts payable 92 Notes payable Total Fixed assets: $ 307 $ 192 Total Long-term debt: Gross plant and equipment $ 265 Less: Depreciation 70 40 Net plant and equipment Other long-term assets Total $ 195 25 $ 184 24 $ 220 $ 208 Total Total assets $ 527 $ 224 Stockholders' equity: Preferred stock (2 million shares) Common stock and paid-in surplus (24 million shares) Retained earnings $ 400 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) 2024 $ 600 216 $ 384 30 354 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) 2023 $ 400 120 $ 280 16 264 30 24 $ 240 24 20 $ 324 $ 300 $ 220 63 66 $ 154 $ 237 $ 2 $ 235 24 $ 211 $ 2 $ 152 24 $ 128 $ 9.792 $ 6.333 $ 1.000 $ 1.000 $ 14.125 $ 5.333 $ 15.300 $ 13.100 Calculate the following ratios for Lake of Egypt Marina, Incorporated, as of year-end 2024. 2024 2023 $ 40 $ 36 45 44 50 52 $ 135 $ 132 $ 51 $ 138 $ 2 $ 2 24 24 315 104 $ 341 $ 130 $ 527 $ 400 Note: Use sales when computing the inventory turnover and use total stockholders' equity when computing the equity multiplier. Round your answers to 2 decimal places. Use 365 days a year.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 15P: Investments in Equity Securities Manson Incorporated reported investments in equity securities of...

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