Sales 167,310,000 $

Cost of Good Sold 117,910,000 $

Other Expenses 19,994,000 $
Depreciation 5,460,000 $
Earnings before interest and taxes (EBIT) 23,946,000 $
Interest 3,009,000 $
Taxable income 20,937,000 $
Taxes (40%) 8,374,800 $
Net Income 12,562,200 $
Dividends 7,537,000 $
Addition to RE 5,024,880 $
Total Assets
EAST COAST YACHTS
2009 Income Statement
Current assets Current Liabilities
Cash 3,042,000 $ Account Payable
Account receivable 5,473,000 $ Notes Payable
Inventory 6,136,000 $
Total 14,651,000 $ Total
Fixed assets Long term debt
Net plant and equipment 93,964,000 $
Shareholder's equity
Common Stock
Retained Earnings
Total Equity
Total Assets 108,615,000 $ Total liabilities and equity
assets Liability and Equity
EAST COAST YACHTS
2009 Income Statement
Lower Quartile Median Upper Quartile
Current ratio 0.50 1.43 1.89
Quick ratio 0.21 0.38 0.62
6,461,000 $ Total asset turnover 0.68 0.85 1.38
13,078,000 $ Inventory turnover 4.89 6.15 10.89
Receivables turnover 6.27 9.82 14.11
19,539,000 $ Debt ratio 0.44 0.52 0.61
33,735,000 $ Debt-equity ratio 0.79 1.08 1.56
Equity multiplier 1.79 2.08 2.56
Interest coverage 5.18 8.06 9.83
5,200,000 $ Profit margin 4.05% 6.98% 9.87%
50,141,000 $ Return on assets 6.05% 10.53% 13.21%
55,341,000 $ Return on equity 9.93% 16.54% 26.15%
108,615,000 $
Liability and Equity
YACHTS INDUSTRY RATIOS EAST COAST YACHTS
2009 Income Statement
EAST COAST RATIO
Lower Quartile Median Upper Quartile
Current ratio 0.50 1.43 1.89 0.749
Quick ratio 0.21 0.38 0.62 0.435
Total asset turnover 0.68 0.85 1.38 1.54
Inventory turnover 4.89 6.15 10.89 19.216
Receivables turnover 6.27 9.82 14.11 30.57
Debt ratio 0.44 0.52 0.61 0.49
Debt-equity ratio 0.79 1.08 1.56 0.96
Equity multiplier 1.79 2.08 2.56 1.962
Interest coverage 5.18 8.06 9.83 7.958
Profit margin 4.05% 6.98% 9.87% 7.50%
Return on assets 6.05% 10.53% 13.21% 11.56%
Return on equity 9.93% 16.54% 26.15% 22.69%
YACHTS INDUSTRY RATIOS