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Problem 3-29 Spreading the Financial Statements (LG3-6) Use the following financial statements for Lake of Egypt Marina, Inc

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Problem 3-29 Spreading the Financial Statements (LG3-6) Use the following financial statements for Lake of Egypt Marina, Inc. 2018 2017 $ 40 $43 Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation Net plant and equipment 80 LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Liabilities and Equity Current liabilities: $75 $ 65 Accrued wages and taxes 115 110 Accounts payable 200 190 Notes payable $ 390 $365 Total Long-term debt: $580 $471 Stockholders&#39; equity: Preferred stock (5 million shares) $470 $371 C onnon stock and paid in surplus (65 million shares) 49 Retained earnings Total $910 $785 Total liabilities and equity 5210 $300 5193 $280 110 $ 5 55 65 230 242 Other long-term assets Total Total assets $400 5910 5785 LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, (in millions of dollars) 2018 and 2017 2018 2017 liet sales (all credit < Pre 2 of 50 H Next > e to search 2 (Chapters 2 and 3) Saved 2017 $ 432 175 257 25 $ 30 255 232 B 0203:25 LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2018 and 2017 (in millions of dollars) 2018 Net sales (all credit) $ 515 Less: Cost of goods sold 230 Gross profits $ 285 Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Depreciation Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net Income available to common stockholders Less Common stock dividends Addition to retained earnings Per common share data: Earnings per share (EPS) $ 2.123 Dividends per share (OPS) $ 1.000 Book value per Share (BVPS) $5.077 Market value (price) per share VP $14.750 20 212 30 $ 1.877 $1.000 4.723 $12.550 Spread the balance sheets of Lake of Egypt Marina. In answers to 2 decimal places.) for 2018 and 2017 input all amount as positive values. Round your LAKE OF EGYPT MARINA, INC. < Prev 20 2 Next > Type here to search mheducation.com/flow/connect.html 2 and 3) Saved Help Save & Exit 2018 2017 Assets Current assets Cash and marketable securities Accounts receivable Inventory Total Forced assets Gross plant and equipment Less: Depreciation LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Liabilities and Equity Current liabilities Accrued wage and taxes Accounts payable Notes payable Total Long-term debt Stockholders&#39; equity Preferred stock Net plant and equipment Common stock and paid in surplus Other long-term assets Retained earnings Total Total Total assets 0. 000 .000 Total liabilities and equity Spread the income statements of Lake of Egypt Morina. Inc. for 2018 and 2017 (Input all amounts os positive values. Round your answers to 2 decimal places.) S Prox2 0150 in Next > Quiz 2 (Chapters 2 and 3) O HelpS Spread the income statements of Lake of Egypt Marina, Inc., for 2018 and 2017 (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, 2018 and 2017 (in millions of dollars) 2018 2017