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Current ratio Quick ratio Total asset turnover Inventory turnover Receivables turnover Debt ratio Debt-equity ratio Equity multiplier Interest coverage Profit margin Return on assets Return on equity Yacht Industry Ratios Lower Quartile .86 43 1.10 12.18 10.25 .32 .83 1.83 5.72 5.02% 7.05% 14.06% Median 1.51 .75 1.27 14.38 17.65 56 1.13 2.13 8.21 7.48% 10.67% 19.32% Upper Quartile 1.97 1.01 1.46 16.43 22.43 .61 1.44 2.44 10.83 9.05% 14.16% 26.41% Calculate all of the ratios listed in the industry table for East Coast Yachts. Compare East Coast liquidity, financial leverage and turnover ratios to the industry standards. Please analyze if East Coast is doing better or worse than the industry standard and what that means for the company.

Current ratio Quick ratio Total asset turnover Inventory turnover Receivables turnover Debt ratio Debt-equity ratio Equity multiplier Interest coverage Profit margin Return on assets Return on equity Yacht Industry Ratios Lower Quartile .86 43 1.10 12.18 10.25 .32 .83 1.83 5.72 5.02% 7.05% 14.06% Median 1.51 .75 1.27 14.38 17.65 56 1.13 2.13 8.21 7.48% 10.67% 19.32% Upper Quartile 1.97 1.01 1.46 16.43 22.43 .61 1.44 2.44 10.83 9.05% 14.16% 26.41% Calculate all of the ratios listed in the industry table for East Coast Yachts. Compare East Coast liquidity, financial leverage and turnover ratios to the industry standards. Please analyze if East Coast is doing better or worse than the industry standard and what that means for the company.

Essentials Of Investments
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
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EAST COAST YACHTS 2020 Income Statement Sales Cost of goods sold Selling, general, and administrative Depreciation EBIT Interest expense EBT Taxes (25%) Net income Dividends Retained earnings $550,424,000 397,185,000 65,778,000 17,963,000 $ 69,498,000 9,900,000 $ 59,598,000 14,899,500 $ 44,698,500 $ 19,374,500 25,324,000 Current assets Cash and equivalents Accounts receivable Inventory Other Total current assets Fixed assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Intangible assets and others Total fixed assets Total assets EAST COAST YACHTS 2020 Balance Sheet $ 10,107,000 16,813,300 18,135,700 1,054,900 $ 46,110,900 $412,032,000 (102,452,000) $309,580,000 6,772,000 $316,352,000 $362,462,900 Current liabilities Accounts payable Accrued expenses Total current liabilities Long-term debt Total long-term liabilities Stockholders' equity Preferred stock Common stock Capital surplus Accumulated retained earnings Less treasury stock Total equity Total liabilities and shareholders' equity $ 40,161,400 5,723,700 $ 45,855,100 $152,374,000 $152,374,000 $ 1,773,000 31,802,000 27,348,000 146,052,800 (42,772,000) $164,203,800 $362,462,900
Transcribed Image Text:EAST COAST YACHTS 2020 Income Statement Sales Cost of goods sold Selling, general, and administrative Depreciation EBIT Interest expense EBT Taxes (25%) Net income Dividends Retained earnings $550,424,000 397,185,000 65,778,000 17,963,000 $ 69,498,000 9,900,000 $ 59,598,000 14,899,500 $ 44,698,500 $ 19,374,500 25,324,000 Current assets Cash and equivalents Accounts receivable Inventory Other Total current assets Fixed assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Intangible assets and others Total fixed assets Total assets EAST COAST YACHTS 2020 Balance Sheet $ 10,107,000 16,813,300 18,135,700 1,054,900 $ 46,110,900 $412,032,000 (102,452,000) $309,580,000 6,772,000 $316,352,000 $362,462,900 Current liabilities Accounts payable Accrued expenses Total current liabilities Long-term debt Total long-term liabilities Stockholders' equity Preferred stock Common stock Capital surplus Accumulated retained earnings Less treasury stock Total equity Total liabilities and shareholders' equity $ 40,161,400 5,723,700 $ 45,855,100 $152,374,000 $152,374,000 $ 1,773,000 31,802,000 27,348,000 146,052,800 (42,772,000) $164,203,800 $362,462,900
Current ratio Quick ratio Total asset turnover Inventory turnover Receivables turnover Debt ratio Debt-equity ratio Equity multiplier Interest coverage Profit margin Return on assets Return on equity Yacht Industry Ratios Lower Quartile .86 .43 1.10 12.18 10.25 .32 .83 1.83 5.72 5.02% 7.05% 14.06% Median 1.51 .75 1.27 14.38 17.65 .56 1.13 2.13 8.21 7.48% 10.67% 19.32% Upper Quartile 1.97 1.01 1.46 16.43 22.43 .61 1.44 2.44 10.83 9.05% 14.16% 26.41% Calculate all of the ratios listed in the industry table for East Coast Yachts. Compare East Coast liquidity, financial leverage and turnover ratios to the industry standards. Please analyze if East Coast is doing better or worse than the industry standard and what that means for the company.
Transcribed Image Text:Current ratio Quick ratio Total asset turnover Inventory turnover Receivables turnover Debt ratio Debt-equity ratio Equity multiplier Interest coverage Profit margin Return on assets Return on equity Yacht Industry Ratios Lower Quartile .86 .43 1.10 12.18 10.25 .32 .83 1.83 5.72 5.02% 7.05% 14.06% Median 1.51 .75 1.27 14.38 17.65 .56 1.13 2.13 8.21 7.48% 10.67% 19.32% Upper Quartile 1.97 1.01 1.46 16.43 22.43 .61 1.44 2.44 10.83 9.05% 14.16% 26.41% Calculate all of the ratios listed in the industry table for East Coast Yachts. Compare East Coast liquidity, financial leverage and turnover ratios to the industry standards. Please analyze if East Coast is doing better or worse than the industry standard and what that means for the company.
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