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LAKE OF EGYPT MARINA, INC Balance Sheet as of December 31, 2015 and 2014 (in millions of dollars) 2015 2014 2015 2014 Assets Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities $ 100 $ 112 Accrued wages and taxes $ 80 $ 96 Accounts receivable 90 104 Accounts payable 70 88 Inventory 415 208 Notes payable 60 80 Total $ 605 $ 424 Total $ 210 $ 264 Fixed assets: Long term debt: 435 248 Gross plant and equipment $ 500 $ 448 Stockholders’ equity: Less: Depreciation 155 120 Preferred stock (8 million shares) $ 8 $ 8 Common stock and paid-in surplus (72 million shares) 72 72 Net plant and equipment $ 345 $ 328 Retained earnings 275 208 Other long-term assets 50 48 Total $ 395 $ 376 Total $ 355 $ 288 Total assets $ 1,000 $ 800 Total liabilities and equity $ 1,000 $ 800 LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2015 and 2014 (in millions of dollars) 2015 2014 Net sales (all credit) $ 700 $ 500 Less: Cost of goods sold 392 250 Gross profits $ 308 $ 250 Less: Other operating expenses 42 20 Earnings before interest, taxes, depreciation, and amortization (EBITDA) 266 230 Less: Depreciation 35 25 Earnings before interest and taxes (EBIT) $ 231 $ 205 Less: Interest 21 15 Earnings before taxes (EBT) $ 210 $ 190 Less: Taxes 63 57 Net income $ 147 $ 133 Less: Preferred stock dividends $ 8 $ 8 Net income available to common stockholders $ 139 $ 125 Less: Common stock dividends 72 72 Addition to retained earnings $ 67 $ 53 Per (common) share data: Earnings per share (EPS) $ 1.931 $ 1.736 Dividends per share (DPS) $ 1.000 $ 1.000 Book value per share (BVPS) $ 4.819 $ 3.889 Market value (price) per share (MVPS) $ 15.450 $ 13.250 Calculate the following ratios for Lake of Egypt Marina, Inc. as of year-end 2015. (Use sales when computing the inventory turnover and use common stockholders' equity when computing the equity multiplier. Round your answers to 2 decimal places. Use 365 days a year.) u. ROA % v. ROE % w. Dividend payout % x. Market-to-book ratio times y. PE ratio times
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