Part 1 : See first attachment

Review the financial statements for Lake of Egypt Marina, Inc.

Complete the following problem sets from Chapter 3 in Microsoft® Excel®:

3-29 Spreading the Financial Statements

3-30 Calculating Ratios

 

Part 2

 

Complete the Calculating Ratios Short Answer Worksheet.

Attachments:                                

 

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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(If needed:)

References

 

APA-formatted citation

 

 

APA-formatted citation

 

 

 

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)

 

 

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