Review the financial statements for Lake of Egypt Marina, Inc.Complete the following problem sets from Chapter 3 in Microsoft® Excel®:3-29 Spreading the Financial Statements3-30 Calculating RatiosFormat your assignment consistent with APA guidelines. Use the following financial statements for Lake of Egypt Marina, Inc., to answer Problems 3-29 through 3-33.Page 753-29 Spreading the Financial Statements Spread the balance sheets and income statements of Lake of Egypt Marina, Inc., for 2015 and 2014. (LG3-6)3-30 Calculating Ratios Calculate the following ratios for Lake of Egypt Marina, Inc., as of year-end 2015. (LG3-1 through LG3-5)3-31 DuPont Analysis Construct the DuPont ROA and ROE breakdowns for Lake of Egypt Marina, Inc. (LG3-6) Part 2University of Phoenix Material Calculating Ratios Short Answer 1. What is agency theory? How can setting the appropriate goals for the firm minimize the agency problem?________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 2. Differentiate between profit maximization and wealth maximization.________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 3. Why must organizations focus on both shareholder wealth and the stakeholders?________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 4. Differentiate between the three financial statements with which managers should be familiar. How are they linked?________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
