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, INCBalance 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 =
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