1- Financial Rario Analysis SNIDER CORPORATION Balance Sheet December 31, 20X1 Assets Current assets: Cash $ 52,200 Marketable securities 24,400 Accounts receivable (net) 222,000 Inventory 238,000 Total current assets $ 536,600 Investments 65,900 Plant and equipment. $615,000 Less: Accumulated depreciation 271,000 Net plant and equipment 344,000 Total assets $ 946,500 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 93,400 Notes payable 70,600 Accrued taxes 17,000 Total current liabilities $ 181,000 Long-term liabilities: Bonds payable 153,200 Total liabilities $ 334,200 Stockholders' equity Preferred stock, $50 par value $ 100,000 Common stock, $1 par value 80,000 Capital paid in excess of par 190,000 Retained earnings 242,300 Total stockholders' equity $ 612,300 Total liabilities and stockholders' equity $ 946,500 SNIDER CORPORATION Income Statement For the Year Ending December 31, 20X1 Sales (on credit) $ 2,064,000 Cost of goods sold 1,313,000 Gross profit $ 751,000 Selling and administrative expenses 496,000 * Operating profit (EBIT) $ 255,000 Interest expense 26,900 Earnings before taxes (EBT) $ 228,100 Taxes 83,300 Earnings after taxes (EAT) $ 144,800 *Includes $36,100 in lease payments. REQUIRED: Using the above financial statements for the Snider Corporation, calculate the following ratios, show your work and the formulae used. A. Profitability Ratios 1. Profit Margin 2. Return on assets (investment) 3. Return on equity B. Asset utilization Ratios 1. Receivable Turnover 2. Average Collection Period 3. Inventory Turn over C. Liquidity Ratio 1. Current Ratio 2. Quick Ration D. Debt Utilization Ratios 1. Debt to total assets 2. Times Interest Earned