East Coast Yachts Company Case Study Group 4 Julie Ciarlante Mary Kathryn LoConte Ivy Perez David Zhu East Coast Yachts Background • ECY started in 2002 as a Limited Liability Company (LLC) with the mission of creating custom‚ high performance yachts for the pleasure sailor. • A commitment to safety‚ reliability and customer satisfaction helped the company grow steadily for the first seven years in business. • In 2009‚ the economic downturn and credit crunch hit the boat industry
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Assignment 1-6 Worksheet 1. Read the closing case “Ratios and Financial Planning at East Coast Yachts” in chapter 3 of your textbook. 2. Based on the information provided‚ answer the questions below: Part I: A. Calculate the following ratios for East Coast Yachts and compare them to those for the industry: Liquidity or Short-Term Solvency Ratios Calculate and compare to industry ratios: East Coast Yachts Lower Quartile Median Upper Quartile Positive‚ Negative‚ or Neutral Relative
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Mini Case : Ratios And Financial Planning At East Coast Yachts 1. Calculate all of the ratios listed in the industry table for East Cost Yachts. Ratios Calculation 2009 a) Current Ratio 0.75 b) Quick Ratio 0.44 c) Total Asset Turnover 1.54 d) Inventory Turnover 19.22 e) Receivables Turnover 30.57 f) Debt Ratio 0.49 g) Debt to Equity Ratio
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EAST COAST YACHTS 1. The calculations for the ratios listed are: Current ratio = $11‚270‚000 / $15‚030‚000 Current ratio = 0.75 times Quick ratio = ($11‚270‚000 – 4‚720‚000) / $15‚030‚000 Quick ratio = 0.44 times Total asset turnover = $128‚700‚000 / $83‚550‚000 Total asset turnover = 1.54 times Inventory turnover = $90‚070‚000 / $4‚720‚000 Inventory turnover = 19.22 times Receivables turnover = $128‚700‚000 / $4‚210‚000 Receivables
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Compared to the original form of Hip-Hop it became well known and recognised for the positive some-times being afro centric and realistic lyrics that often had some depth of meaning into what was currently going on in the “people’s lives”. East Coast Hip-Hop combined various genres of music and sounds one of the largest example’s being Jamaican dancehall toasting where DJ’s played the rhythm and artist such as Sister Nancy‚ Yellow Man and Dennis Alcapone blessed the music with their voice making
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Larisa Warren‚ the owner of East Coast Yachts‚ has decided to expand her operations. She asked her newly hired financial analyst‚ Dan Ervin‚ to enlist an underwriter to help sell $30 million in new 20-year bonds to finance new construction. Dan has entered into discussions with Robin Perry‚ an underwriter from the firm of Crowe & Mallard‚ about which bond features East Coast Yachts should consider and also what coupon rate the issue will likely have. Although Dan is aware of bond features‚ he
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Task 1: Observe your community I live in Pointe d’esny‚ Mahebourg‚ a small town on the south east coast of Mauritius. Most days I go into Mahebourg and people are always chatting to one another‚ bike riding between shops and houses ‚ walking with dogs‚ fishing in the sea or just relaxing under a tree alongside the road. Every afternoon there are school children walking home or playing in the streets‚ laughing and having fun. Many of the men are fishing or coming home after a long day of fishing
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Dick Mr. Anderson English 100 September 30‚ 2013 Best Coast vs. East Coast In a country the size of the United States of America‚ there will always be considerable debate when it comes to which Coast is the most appealing in terms of lifestyle‚ beauty‚ climate‚ food‚ and time zone‚ the East Coast or the West “Best” Coast. While there are always pros and cons to each Coast‚ when they are put up against each other‚ clearly the West is the Best. Despite each region having their differences‚
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are still in existence today. Of those dances (the Lindy Hop‚ Jitterbug‚ East Coast Swing‚ West Coast Swing‚ and the Charleston)‚ the two most common amongst the social dancers are the East Coast Swing and West Coast Swing. Though they derived from the same dance‚ the Lindy Hop‚ many things set them apart from one another. The style‚ frame‚ and beat of the West Coast Swing make it the more popular of the two. The East Coast Swing‚ the older form of swing dancing‚ is nothing more than the Lindy Hop
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President Hannibal Hamlin 1861-1865 First VP from Republican Party Considered worthless Only picked because the Republicans needed an East Coast politician to increase their influence Complained that he was ignored by everyone in Washington Andrew Johnson 1865 Drunk during Inauguration speech Would be assassin was drunk instead of completing the job Lincoln death thought to be a conspiracy Much hated president by the North Secretary of State William H. Seward 1861-1865 Wanted to resign
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