Review the financial statements for Lake of Egypt Marina, Inc.
Complete the following problem sets from Chapter 3 in Microsoft® Excel®:
Format your assignment consistent with APA guidelines.
Use the following financial statements for Lake of Egypt Marina, Inc., to answer Problems 3-29 through 3-33.
Page 753-29 Spreading the Financial Statements Spread the balance sheets and income statements of Lake of Egypt Marina, Inc., for 2015 and 2014. (LG3-6)
3-30 Calculating Ratios Calculate the following ratios for Lake of Egypt Marina, Inc., as of year-end 2015. (LG3-1 through LG3-5)
3-31 DuPont Analysis Construct the DuPont ROA and ROE breakdowns for Lake of Egypt Marina, Inc. (LG3-6)
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Part 2
University of Phoenix Material
Calculating Ratios Short Answer
1. What is “agency theory?” How can setting the appropriate goals for the firm minimize the agency problem?
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2. Differentiate between profit maximization and wealth maximization.
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3. Why must organizations focus on both shareholder wealth and the stakeholders?
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4. Differentiate between the three financial statements with which managers should be familiar. How are they linked?
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