Reference no: EM132062787

Use the following financial statements for Lake of Egypt Marina, Inc. LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2015 and 2014 (in millions of dollars) 2015 2014 2015 2014 Assets Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities $ 50 $ 56 Accrued wages and taxes $ 50 $ 48 Accounts receivable 60 52 Accounts payable 55 44 Inventory 205 96 Notes payable 60 40 Total $ 315 $ 204 Total $ 165 $ 132 Fixed assets: Long term debt: $ 42 $ 136 Gross plant and equipment $ 250 $ 232 Stockholders’ equity: Less: Depreciation 90 60 Preferred stock (4 million shares) $ 4 $ 4 Common stock and paid-in surplus (24 million shares) 24 24 Net plant and equipment $ 160 $ 172 Retained earnings 265 104 Other long-term assets 25 24 Total $ 185 $ 196 Total $ 293 $ 132 Total assets $ 500 $ 400 Total liabilities and equity $ 500 $ 400 LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2015 and 2014 (in millions of dollars) 2015 2014 Net sales (all credit) $ 600 $ 400 Less: Cost of goods sold 216 120 Gross profits $ 384 $ 280 Less: Other operating expenses 36 24 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 348 $ 256 Less: Depreciation 30 24 Earnings before interest and taxes (EBIT) $ 318 $ 232 Less: Interest 48 32 Earnings before taxes (EBT) $ 270 $ 200 Less: Taxes 81 60 Net income $ 189 $ 140 Less: Preferred stock dividends $ 4 $ 4 Net income available to common stockholders $ 185 $ 136 Less: Common stock dividends 24 24 Addition to retained earnings $ 161 $ 112 Per (common) share data: Earnings per share (EPS) $ 7.710 $ 5.670 Dividends per share (DPS) $ 1.000 $ 1.000 Book value per share (BVPS) $ 12.040 $ 5.330 Market value (price) per share (MVPS) $ 15.550 $ 13.350 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 % ROE %