EAST COAST YACHTS2020 Income StatementSalesCost of goods soldSelling, general, and administrativeDepreciationEBITInterest expenseEBTTaxes (25%)Net incomeDividendsRetained earnings$550,424,000397,185,00065,778,00017,963,000$ 69,498,0009,900,000$ 59,598,00014,899,500$ 44,698,500$ 19,374,50025,324,000Current assetsCash and equivalentsAccounts receivableInventoryOtherTotal current assetsFixed assetsProperty, plant, and equipmentLess accumulated depreciationNet property, plant, and equipmentIntangible assets and othersTotal fixed assetsTotal assetsEAST COAST YACHTS2020 Balance Sheet$ 10,107,00016,813,30018,135,7001,054,900$ 46,110,900$412,032,000(102,452,000)$309,580,0006,772,000$316,352,000$362,462,900Current liabilitiesAccounts payableAccrued expensesTotal current liabilitiesLong-term debtTotal long-term liabilitiesStockholders' equityPreferred stockCommon stockCapital surplusAccumulated retained earningsLess treasury stockTotal equityTotal liabilities and shareholders' equity$ 40,161,4005,723,700$ 45,855,100$152,374,000$152,374,000$ 1,773,00031,802,00027,348,000146,052,800(42,772,000)$164,203,800$362,462,900 Current ratioQuick ratioTotal asset turnoverInventory turnoverReceivables turnoverDebt ratioDebt-equity ratioEquity multiplierInterest coverageProfit marginReturn on assetsReturn on equityYacht Industry RatiosLower Quartile.86.431.1012.1810.25.32.831.835.725.02%7.05%14.06%Median1.51.751.2714.3817.65.561.132.138.217.48%10.67%19.32%Upper Quartile1.971.011.4616.4322.43.611.442.4410.839.05%14.16%26.41%Calculate all of the ratios listed in the industry table for East Coast Yachts.Compare East Coast liquidity, financial leverage and turnover ratios to the industry standards. Please analyze if East Coast is doing better or worse than the industry standard and what thatmeans for the company.

Name: EAST COAST YACHTS2020 Income StatementSalesCost of goods soldSelling,
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Description: EAST COAST YACHTS2020 Income StatementSalesCost of goods soldSelling, general, and administrativeDepreciationEBITInterest expenseEBTTaxes (25%)Net incomeDividendsRetained earnings$550,424,000397,185,00065,778,00017,963,000$ 69,498,0009,900,000$ 59,5

The ratio is the mathematical relationship between two variables, which is often used to make…

Business

Finance

Current ratio Quick ratio Total asset turnover Inventory turnover Receivables turnover Debt ratio Debt-equity ratio Equity multiplier Interest coverage Profit margin Return on assets Return on equity Yacht Industry Ratios Lower Quartile .86 43 1.10 12.18 10.25 .32 .83 1.83 5.72 5.02% 7.05% 14.06% Median 1.51 .75 1.27 14.38 17.65 56 1.13 2.13 8.21 7.48% 10.67% 19.32% Upper Quartile 1.97 1.01 1.46 16.43 22.43 .61 1.44 2.44 10.83 9.05% 14.16% 26.41% Calculate all of the ratios listed in the industry table for East Coast Yachts. Compare East Coast liquidity, financial leverage and turnover ratios to the industry standards. Please analyze if East Coast is doing better or worse than the industry standard and what that means for the company.

Current ratio Quick ratio Total asset turnover Inventory turnover Receivables turnover Debt ratio Debt-equity ratio Equity multiplier Interest coverage Profit margin Return on assets Return on equity Yacht Industry Ratios Lower Quartile .86 43 1.10 12.18 10.25 .32 .83 1.83 5.72 5.02% 7.05% 14.06% Median 1.51 .75 1.27 14.38 17.65 56 1.13 2.13 8.21 7.48% 10.67% 19.32% Upper Quartile 1.97 1.01 1.46 16.43 22.43 .61 1.44 2.44 10.83 9.05% 14.16% 26.41% Calculate all of the ratios listed in the industry table for East Coast Yachts. Compare East Coast liquidity, financial leverage and turnover ratios to the industry standards. Please analyze if East Coast is doing better or worse than the industry standard and what that means for the company.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.13P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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