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SPAN 101 Lecture 4: 9-23-15 to 9-29-15

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School
UMass Boston
Department
Spanish
Course
SPAN 101
Professor
Chaiwut Chittkusol

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Related Questions


Really stuck on this.

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

LAKE OFEGYPT MARINA, INC
Balance Sheet as of December 31, 2015 and 2014
(in millions of dollars)
2015 2014 2015 2014
Assets Liabilities and Equity
Currentassets: Currentliabilities:
Cash and marketable securities $ 44 $ 42 Accrued wages and taxes $ 28 $ 30
Accounts receivable 36 36 Accounts payable 32 36
Inventory 153 63 Notes payable 36 42
Total $ 233 $ 141 Total $ 96 $ 108
Fixedassets: Long termdebt: 51 90
Gross plant and equipment $ 212 $ 186 Stockholders’ equity:
Less: Depreciation 65 45 Preferred stock (3 millionshares) $ 3 $ 3
Common stock and paid-in
surplus (21 million shares)		 21 21
Net plant and equipment $ 147 $ 141 Retained earnings 229 78
Other long-term assets 20 18
Total $ 167 $ 159 Total $ 253 $ 102
Totalassets $ 400 $ 300 Totalliabilities and equity $ 400 $ 300
LAKE OF EGYPT MARINA, INC.
Income Statement for Years Ending December 31, 2015 and 2014
(in millions of dollars)
2015 2014
Net sales (allcredit) $ 500 $ 300
Less: Cost of goodssold 180 105
Gross profits $ 320 $ 195
Less: Otheroperating expenses 30 15
Earnings beforeinterest, taxes, depreciation, and
amortization (EBITDA)		 290 180
Less:Depreciation 20 12
Earnings beforeinterest and taxes (EBIT) $ 270 $ 168
Less: Interest 20 18
Earnings beforetaxes (EBT) $ 250 $ 150
Less: Taxes 75 45
Net income $ 175 $ 105
Less: Preferredstock dividends $ 3 $ 3
Net income availableto common stockholders $ 172 $ 102
Less: Common stockdividends 21 21
Addition to retainedearnings $ 151 $ 81
Per (common) sharedata:
Earnings per share (EPS) $ 8.190 $ 4.857
Dividends per share (DPS) $ 1.000 $ 1.000
Book value per share (BVPS) $ 11.905 $ 4.714
Market value (price) per share(MVPS) $ 15.250 $ 13.050

Calculate the following ratios for Lake of Egypt Marina, Inc. asof year-end 2015. (Use sales when computing the inventoryturnover and use total equity when computing the equity multiplier.Round your answers to 2 decimal places. Use 365 days ayear.)

LAKE OF EGYPT MARINA, INC.
a. Current ratio 2.43 times
b. Quick ratio 0.83 times
c. Cash ratio 0.46 times
d. Inventory turnover 3.27 times
e. Days’ sales in inventory 111.69 days
f. Average collection period days
g. Average payment period days
h. Fixed asset turnover times
i. Sales to working capital times
j. Total asset turnover times
k. Capital intensity times
l. Debt ratio %
m. Debt-to-equity times
n. Equity multiplier times
o. Times interest earned times
p. Cash coverage times
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