LAKE OF EGYPT MARINA, INC
Balance Sheet as of December 31, 2012 and 2011
(in millions of dollars)
2012 2011 2012 2011
Assets Liabilities and Equity
Current assets: Current liabilities:
Cash and marketable securities $ 45 $ 36 Accrued wages and taxes $ 40 $ 20
Accounts receivable 40 32 Accounts payable 35 24
Inventory 195 148 Notes payable 30 32
Total $ 280 $ 216 Total $ 105 $ 76
Fixed assets: Long term debt: $ 130 $ 200
Gross plant and equipment $ 255 $ 200 Stockholders equity:
Less: Depreciation 60 40 Preferred stock (4 million shares) $ 4 $ 4
Common stock and paid in surplus
(16 million shares) 16 16
Net plant and equipment $ 195 $ 160 Retained earnings 245 104
Other long term assets 25 24
Total $ 220 $ 184 Total $ 265 $ 124
Total assets $ 500 $ 400 Total liabilities and equity $ 500 $ 400
LAKE OF EGYPT MARINA, INC.
Income Statement for Years Ending December 31, 2012 and 2011
(in millions of dollars)
2012 2011
Net sales (all credit) $ 500 $ 300
Less: Cost of goods sold 200 105
Gross profits $ 300 $ 195
Less: Depreciation 20 12
Other operating expenses 25 18
Earnings before interest and taxes (EBIT) $ 255 $ 165
Less: Interest 25 15
Earnings before taxes (EBT) $ 230 $ 150
Less: Taxes 69 45
Net income $ 161 $ 105
Less: Preferred stock dividends $ 4 $ 4
Net income available to common stockholders $ 157 $ 101
Less: Common stock dividends 16 16
Addition to retained earnings $ 141 $ 85
Per (common) share data:
Earnings per share (EPS) $ 9.813 $ 6.313
Dividends per share (DPS) $ 1.000 $ 1.000
Book value per share (BVPS) $ 16.313 $ 7.500
Market value (price) per share (MVPS) $ 15.700 $ 10.500
Spread the balance sheets of Lake of Egypt Marina, Inc., for 2012 and 2011. (Be sure to list the assets and liabilities in order of their liquidity. Input all amounts as positive values. Round your answers to 2 decimal places.)
LAKE OF EGYPT MARINA, INC
Balance Sheet as of December 31, 2012 and 2011
(in millions of dollars)
2012 2011
Assets
Current Assets
% %
Total
Fixed assets:
Total
Total assets % %
Liabilities and Equity
Current Liabilities
% %
Total
Long-term debt:
Stockholders Equity
Total
Total Liabilities and Equity % %
Spread the income statements of Lake of Egypt Marina, Inc., for 2012 and 2011. (Input all amounts as positive values. Round your answers to 2 decimal places.)
LAKE OF EGYPT MARINA, INC.
Income Statement for Years Ending December 31, 2012 and 2011
(in millions of dollars)
2012 2011
% %
% %
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