Use the following financial st

Use the following financial statements for Florida Inc. to compute the 1) Inventory turnover 2) Total debt to total capital 3) P/E

Florida Inc. Balance Sheets, Income Statements and Additional Information for Year Ending December 31
(Millions of Dollars, Except for Per Share Data)
Balance Sheet 2019
Assets
Cash and equivalents $4,156.00
Accounts receivable $12,980.00
Inventories $8,920.00
Total current assets $26,056.00
Net property, plant & equipment (PP&E) $13,405.00
Total assets $39,461.00
Liabilities and Equity
Accounts payable $7,410.00
Notes payable $5,460.00
Accruals $4,290.00
Total current liabilities $17,160.00
Long-term bonds $7,800.00
Total liabilities $24,960.00
Common stock $6,921.00
Retained earnings $7,580.00
Total common equity $14,501.00
Total liabilities and equity $39,461.00
Income Statement 2019
Net sales $68,500.00
COGS $40,000.00
Other operating costs $14,698.00
Depreciation $1,024.00
Earnings before interest and taxes (EBIT) $12,778.00
Less interest $829.00
Pre-tax earnings $11,949.00
Taxes (21%) $2,509.29
Net income available to common stockholders $9,439.71
Additional Information
Common dividends $6,135.81
Addition to retained earnings $3,303.90
Number of common shares 1,500
Common stock price per share $98.00
Lease payments $5
Bonds’ required sinking fund payments $40
Tax rate 21%
WACC 22%
Days 365

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Use the following financial st

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

LAKE OF EGYPT MARINA, INC.
Balance Sheet as of December 31, 2021 and 2020
(in millions of dollars)
2021 2020 2021 2020
Assets Liabilities and Equity
Current assets: Current liabilities:
Cash and marketable securities $ 91 $ 28 Accrued wages and taxes $ 40 $ 32
Accounts receivable 50 36 Accounts payable 50 40
Inventory 140 132 Notes payable 50 32
Total $ 281 $ 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 312 104
Total $ 250 $ 204 Total $ 380 $ 172
Total assets $ 531 $ 400 Total liabilities and equity $ 531 $ 400
LAKE OF EGYPT MARINA, INC.
Income Statement for Years Ending December 31, 2021 and 2020
(in millions of dollars)
2021 2020
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 74 81
Net income $ 276 $ 189
Less: Preferred stock dividends $ 8 $ 8
Net income available to common stockholders $ 268 $ 181
Less: Common stock dividends 60 60
Addition to retained earnings $ 208 $ 121
Per (common) share data:
Earnings per share (EPS) $ 4.467 $ 3.017
Dividends per share (DPS) $ 1.000 $ 1.000
Book value per share (BVPS) $ 6.200 $ 2.733
Market value (price) per share (MVPS) $ 15.050 $ 12.850

Construct the DuPont ROA and ROE breakdowns for Lake of Egypt Marina, Inc. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

DuPont Analysis
ROA 38.29 % × 1.32 times = 50.47 %
ROE 38.29 % × 1.32 times × 1.42 times = %

This is what I have ROE keeps getting answered wrong on here it isn’t 71.77 or 97.10

ROA=50.47

ROE=?

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Use the following financial st

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

LAKE OF EGYPT MARINA, INC.
Balance Sheet as of December 31, 2021 and 2020
(in millions of dollars)
2021 2020 2021 2020
Assets Liabilities and Equity
Current assets: Current liabilities:
Cash and marketable securities $ 122 $ 48 Accrued wages and taxes $ 60 $ 48
Accounts receivable 110 72 Accounts payable 110 72
Inventory 301 174 Notes payable 70 60
Total $ 533 $ 294 Total $ 240 $ 180
Fixed assets: Long-term debt: $ 429 $ 237
Gross plant and equipment $ 520 $ 330 Stockholders’ equity:
Less: Depreciation 81 60 Preferred stock (3 million shares) $ 3 $ 3
Net plant and equipment $ 439 $ 270 Common stock and paid-in surplus 24 24
(24 million shares)
Other long-term assets 50 36 Retained earnings 326 156
Total $ 489 $ 306 Total $ 353 $ 183
Total assets $ 1,022 $ 600 Total liabilities and equity $ 1,022 $ 600
LAKE OF EGYPT MARINA, INC.
Income Statement for Years Ending December 31, 2021 and 2020
(in millions of dollars)
2021 2020
Net sales (all credit) $ 500 $ 400
Less: Cost of goods sold 180 136
Gross profits $ 320 $ 264
Less: Other operating expenses 26 24
Earnings before interest, taxes, depreciation, and amortization (EBITDA) 294 240
Less: Depreciation 21 16
Earnings before interest and taxes (EBIT) $ 273 $ 224
Less: Interest 23 24
Earnings before taxes (EBT) $ 250 $ 200
Less: Taxes 53 60
Net income $ 197 $ 140
Less: Preferred stock dividends $ 3 $ 3
Net income available to common stockholders $ 194 $ 137
Less: Common stock dividends 24 24
Addition to retained earnings $ 170 $ 113
Per (common) share data:
Earnings per share (EPS) $ 8.083 $ 5.708
Dividends per share (DPS) $ 1.000 $ 1.000
Book value per share (BVPS) $ 14.583 $ 7.500
Market value (price) per share (MVPS) $ 14.950 $ 12.750

Calculate the following ratios for Lake of Egypt Marina, Inc., as of year-end 2021. (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.)

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