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LAKE OF EGYPT MARINA, INC Balance Sheet as of December 31, 2012 and 2011 (in mil

ID: 2625657 • Letter: L

Question

LAKE OF EGYPT MARINA, INC
Balance Sheet as of December 31, 2012 and 2011
(in millions of dollars) 2012 2011 2012 2011   Assets   Liabilities and Equity   Current assets:   Current liabilities:      Cash and marketable securities $ 87 $ 50      Accrued wages and taxes $ 55 $ 58      Accounts receivable 145 140      Accounts payable 105 95      Inventory 230 220      Notes payable 95 85         Total $ 462 $ 410         Total $ 255 $ 238   Fixed assets:   Long term debt: $ 315 $ 295      Gross plant and equipment $ 610 $ 501   Stockholders LAKE OF EGYPT MARINA, INC
Balance Sheet as of December 31, 2012 and 2011
(in millions of dollars) 2012 2011 2012 2011   Assets   Liabilities and Equity   Current assets:   Current liabilities:      Cash and marketable securities $ 87 $ 50      Accrued wages and taxes $ 55 $ 58      Accounts receivable 145 140      Accounts payable 105 95      Inventory 230 220      Notes payable 95 85         Total $ 462 $ 410         Total $ 255 $ 238   Fixed assets:   Long term debt: $ 315 $ 295      Gross plant and equipment $ 610 $ 501   Stockholders

Explanation / Answer

                                          0.1516 x (1 - .4710)

Internal growth rate =