AssetsCurrent assets:Cash and marketable securitiesAccounts receivableInventoryTotalFixed assets:Gross plant and equipmentLess: DepreciationNet plant and equipmentOther long-term assetsTotalTotal assetsNet sales (all credit)Less: Cost of goods soldGross profitsLess: Other operating expensesEarnings per share (EPS)Dividends per share (DPS)Book value per share (BVPS)Market value (price) per share (MVPS)2821$ 75115200$390ROAROE$580110$47050$520$910Less: DepreciationEarnings before interest and taxes (EBIT)Less: InterestEarnings before taxes (EBT)Less: TaxesNet incomeLess: Preferred stock dividendsNet income available to common stockholdersLess: Common stock dividendsAddition to retained earningsPer (common) share data:9696Earnings before interest, taxes, depreciation, andamortization (EBITDA)2020$ 65110198$365DuPont Analysistimestimes$471100$371LAK OF EGYPT MARINA, INC.Income Statement for Years Ending December 31, 2021 and 2020(in millions of dollars)49$420$785Liabilities 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$$$$28215152302853025522%6times =2333320042158$$5$ 1536588$$ 2.3541.000$$ 6.077$14.7502020$ 432175$$to2572523220212309618255127$$$$$ 1.877$1.00051226557$ 4.723$12.5502021$ 409080$210$300$565330$400$910Construct the DuPont ROA and ROE breakdowns for Lake of Egypt Marina, Inc. (Do not round Intermediate calculations. Round youranswers to 2 decimal places.)2020$438070$193$280$565242$312$785

Net profit$153Sales$515Total assets$910Shareholder's equity$400

Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation Net plant and equipment Other long-term assets Total Total assets 2021 $75 115 200 $390 $580 110 $470 50 $520 $910 2020 $ 65 110 190 $365 $471 100 $371 49 $420 $785 Liabilities and Equity Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Long-term debt: Stockholders' equity: Preferred stock (5 million shares) Common stock and paid-in surplus (65 million shares) Retained earnings Total Total liabilities and equity LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 2020 2021 $40 90 80 $210 $300 $5 65 330 $400 $910 2020 $43 80 70 $193 $280 $5 65 242 $312 $785

Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation Net plant and equipment Other long-term assets Total Total assets 2021 $75 115 200 $390 $580 110 $470 50 $520 $910 2020 $ 65 110 190 $365 $471 100 $371 49 $420 $785 Liabilities and Equity Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Long-term debt: Stockholders' equity: Preferred stock (5 million shares) Common stock and paid-in surplus (65 million shares) Retained earnings Total Total liabilities and equity LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 2020 2021 $40 90 80 $210 $300 $5 65 330 $400 $910 2020 $43 80 70 $193 $280 $5 65 242 $312 $785

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.15E

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