Problem 3-30 Internal and Sustainable Growth Rates (LG3-6)Use the following financial statements for Lake of Egypt Marina, IncorporatedAssetsCurrent 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 expensesLess: Common stock dividendsAddition to retained earningsPer (common) share data:Earnings per share (EPS)Dividends per share (DPS)Book value per share (BVPS)Market value (price) per share (MVPS)LAKE OF EGYPT MARINA, INCORPORATEDBalance Sheet as of December 31, 2024 and 2023(in millions of dollars)2024Internal growth rateSustainable growth rate$ 119155240$ 514$ 620162$ 458Net incomeLess: Preferred stock dividendsNet income available to common stockholders70$ 528%%2023$ 45150230$ 425LAKE OF EGYPT MARINA, INCORPORATEDIncome Statement for Years Ending December 31, 2024 and 2023(in millions of dollars)$ 511120$ 39169$ 460$ 1,042 $ 885 Total liabilities and equityEarnings before interest, taxes, depreciation, and amortization (EBITDA)Less: DepreciationEarnings before interest and taxes (EBIT)Less: InterestEarnings before taxes (EBT)Less: TaxesLiabilities 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 earningsTotalCalculate the internal and sustainable growth rate for Lake of Egypt Marina, Incorporated.Note: Do not round intermediate calculations. Round your answers to 2 decimal places.2024$ 715330$3855033542$ 29353$ 24050$ 190$5$ 18565$ 120$ 2.846$ 1.000$ 6.877$15.702023$ 632275$ 3574531240$ 27250$ 22267$ 155$5$15065$85$ 2.308$ 1.000$ 5.031$ 13.502024$ 60110100$270$ 320$565382$ 452$1,0422023$ 6310090$ 253$300$565262$332$ 885

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Answered: Use the following financial statements…

Cornerstones of Financial Accounting

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Author:Jay Rich, Jeff Jones

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Chapter12: Fainancial Statement Analysis

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View Policies Current Attempt in Progress Financing activities involve O cash receipts from sales of goods and services. O long-term liability and owners' equity items. O lending money to other entities and collecting on those loans. O acquiring and disposing of productive long-lived assets. Save for Later Attempts: 0 of 1 used Submit Answer
Required: a. What is the ratio of real assets to total assets? (Hint: for this question, only include those listed under "Real assets") b. What is the ratio of real assets to total assets for nonfinancial firms in the following table? Assets Real assets Equipment and intellectual property Real estate Inventories Total real assets Financial assets Deposits and cash Marketable securities Required A $ Billion $ 8,345 14,423 2,724 $ 25,492 Required B $ 2,333 4,059 4,075 14,005 $ 24,472 $ 49,964 % Total 16.7% 28.9 5.5 51.0% 4.7% 8.1 8.2 28.0 49.0% 100.0% Liabilities and Net Worth Liabilities Debt securities Bank loans & mortgages Other loans Trade debt Other Total liabilities Complete this question by entering your answers in the tabs below. Net worth $ Billion Trade and consumer credit Other Total financial assets TOTAL Balance sheet of U.S. nonfinancial corporations Note: Column sums may differ from total because of rounding error. Source: Flow of Funds Accounts of the United States,…
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PROBLEM The balance sheet contains the following major sections: a. Current assets b. Long-term investments c. Property, plant, and equipment d. Intangible assets e. Other assets f. Current liabilities g. Long-term liabilities h. Contributed capital i. Retained earnings j. Accumulated other comprehensive income _____ 1. Unexperied insurance _____ 2. Idle machinery _____ 3. Unrealized increase in avaiblable for sale securities _____ 4. Land _____ 5. Fund to retire preferred stock _____ 6. Additional paid-in capital on common stock _____ 7. Deferred income taxes-noncurrent _____ 8. Obligation for future pension payments _____ 9. Trademark _____ 10. Unearned ticket sales Required: Using the letters (a) through (j), indicate in what section the accounts would be classified.
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