Review the financial statements for Lake of Egypt Marina, Inc. FIN/370, assignment help

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Review the financial statements for Lake of Egypt Marina, Inc.

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Attached.

Part A.
A review of the financial statements for Lake of Egypt Marina, Inc.
Lake of Egypt Marina Inc.
Industry
a. Current Ratio
390/210=1.86 times
2.0 times
b. Quick Ratio
(390-200)/210=0.9 times
1.2 times
c. Liquidity ratios measure the ability of the firm to pay its current liabilities using current
assets. The current and quick ratios are below the industry’s average. Hence, liquidity is a
weakness for the firm with both ratios being below the average of the industry.
Lake of Egypt Marina Inc.
Industry
d. Inventory Turnover
515/200=2.58 times
3.60 times
Ratio
*. Receivable Turnover
515/115= 4.47 times
11.23 times
h. Fixed Asset Turnover
515/520= 0.99 times
1.25 times
ratio
j. Total Asset Turnover
515/910= 0.57 times
0.85 times
Asset management ratio measures how a firm efficiently utilizes its resources. The asset
management ratios of the firm are worse than the average of the indust...


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