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

LAKE OF EGYPT MARINA, INC.
Balance Sheet as of December 31, 2018 and 2017
(in millions of dollars)
	2018				2017					2018				2017
Assets									Liabilities and Equity
Current assets:									Current liabilities:
Cash and marketable securities	$	60			$	28			Accrued wages and taxes	$	40			$	32
Accounts receivable		50				36			Accounts payable		50				40
Inventory		140				132			Notes payable		50				32
Total	$	250			$	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		281				104
Total	$	250			$	204			Total	$	349			$	172
Total assets	$	500			$	400			Total liabilities and equity	$	500			$	400

LAKE OF EGYPT MARINA, INC.
Income Statement for Years Ending December 31, 2018 and 2017
(in millions of dollars)
	2018				2017
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		105				81
Net income	$	245			$	189
Less: Preferred stock dividends	$	8			$	8
Net income available to common stockholders	$	237			$	181
Less: Common stock dividends		60				60
Addition to retained earnings	$	177			$	121
Per (common) share data:
Earnings per share (EPS)	$	3.950			$	3.017
Dividends per share (DPS)	$	1.000			$	1.000
Book value per share (BVPS)	$	5.683			$	2.733
Market value (price) per share (MVPS)	$	15.050			$	12.850

Calculate the following ratios for Lake of Egypt Marina, Inc. as of year-end 2018. (Use sales when computing the inventory turnover and use total 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 2018. (Use sales when computing the inventory turnover and use total equity when computing the equity multiplier. Round your answers to 2 decimal places. Use 365 days a year.)'

LAKE OF EGYPT MARINA, INC.
a.	Current ratio		times
b.	Quick ratio		times
c.	Cash ratio		times
d.	Inventory turnover		times
e.	Days sales in inventory		days
f.	Average collection period		days
g.	Average payment period	t	days
h.	Fixed asset turnover		times
i.	Sales to working capital	not attempted	times
j.	Total asset turnover	not attempted	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

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