15. yalue: 4.00 points Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the chapter. SNIDER CORPORATION Balance Sheet December 31, 20X1 Assets Current assets: Cash Marketable securities Accounts receivable (net) Inventory Total current assets Investments 51,700 23,900 200,000 292,000 $ 567,600 64,100 $621,000 217,000 Plant and equipment Less: Accumulated depreciation Net plant and equipment 404,000 $1,035,700 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Notes payable Accrued taxes 94,900 76,600 13,500 $ 185,000 Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity Preferred stock, $50 par value Common stock, $1 par value Capital paid in excess of par Retained earnings Total stockholders' equity 157.200 $ 342,200 100,000 80,000 190,000 323,500 $ 693,500 Total liabilities and stockholders' equity $1,035,700 SNIDER CORPORATION Income Statement For the Year Ending December 31, 20X1 $ 2,096,000 1,366,000 730,000 528,000* 202,000 33,700 168,300 84,800 Sales (on credit) Cost of goods sold Gross profit Selling and administrative expenses Operating profit (EBIT) Interest expense Earnings before taxes (EBT) Taxes 83,500 Earnings after taxes (EAT) Includes $40,000 in lease payments Using the above financial statements for the Snider Corporation, calculate the following ratios. a. Profitability ratios. (Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.) Profitability Ratios Profit margin % Return on assets (investment) % Return on equity % b. Assets utilization ratios. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Assets Utilization Ratios times days Receivable turnover Average collection period Inventory turnover times Fixed asset turnover times Total asset turnover times c. Liquidity ratios. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Liquidity Ratios Current ratio Quick ratio times times d. Debt utilization ratios. (Do not round intermediate calculations. Input your debt to total assets answer as a percent rounded to 2 decimal places. Round your other answers to 2 decimal places.) Debt Utilization Ratios Debt to total assets % Times interest earned times Fixed charge times coverage