N1.AccountCalculate the following ratios for Lake of Egypt Marina, Inc. as of year-end 2021. (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.) Use the following financial statements for Lake of Egypt Marina, Inc.AssetsCurrent assets:Cash and marketable securities.Accounts receivable.InventoryTotalFixed assets:Gross plant and equipmentLess: DepreciationNet plant and equipmentOther long-term assetsTotalTotal assetsNet sales (all credit).Less: Cost of goods soldGross profitsLess: Other operating expensesLAKE OF EGYPT MARINA, INC.Balance Sheet as of December 31, 2021 and 2020(in millions of dollars)20202021Less: Common stock dividendsAddition to retained earningsPer (common) share data:$75115200$390$580110$470Earnings per share (EPS)Dividends per share (DPS)Book value per share (BVPS)Market value (price) per share (MVPS)50$520$910Less: DepreciationEarnings before interest and taxes (EBIT)Less: InterestEarnings before taxes (EBT)Less: TaxesNet incomeLess: Preferred stock dividendsNet income available to common stockholders$65110190$365$471100$37149$420Earnings before interest, taxes, depreciation, andamortization (EBITDA)$785-LAKE OF EGYPT MARINA, INC.Income Statement for Years Ending December 31, 2021 and 2020(in millions of dollars)Liabilities and EquityCurrent liabilities:Accrued wages and taxesAccounts payableNotes payableTotalLong-term debt:Stockholders' equity:Preferred stock (5 million shares)Common stock and paid-in surplus(65 million shares)Retained earningsTotalTotal liabilities and equity*************2021515230285302552223333200421581536588$ 2.354$ 1.000$6.077$14.7502020$ 1.877$ 1.000$ 4.723$12.5502021$ 409080$210$300$565330$400$9102020$ 438070$193$280$565242$312$785a Current ratiob.C.c.d.k.Inventory turnovere. Days' sales in inventoryf. Average collection periodg. Average payment periodh. Fixed asset turnoveri.li.LQuick ratioCash ratioP.q.9-r.LAKE OF EGYPT MARINA, INC.u.Sales to working capitalTotal asset turnoverm. Debt-to-equityn. Equity multiplier0. Times interest earnedCash coverageProfit marginGross profit marginCapital intensityDebt ratios. Operating profit marginItBasic earnings powerROAV.ROEw Dividend payoutX. Market-to-book ratioy. PE ratiotimestimestimestimesdaysdaysdaystimestimestimestimes%timestimestimestimes%%%%%%%timestimes

Ratio analysis is a quantitative interpretation of the company's financial performance. It provides…

Calculate the following ratios for Lake of Egypt Marina, Inc. as of year-end 2021. (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, Inc. as of year-end 2021. (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.)

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 90PSB

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