20)

Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the chapter.

SNIDER CORPORATION Balance Sheet December 31, 2013
Assets
Current assets:
Cash				$	52,500
Marketable securities					22,500
Accounts receivable (net)					178,000
Inventory					290,000
Total current assets				$	543,000
Investments					66,200
Plant and equipment.	$	611,000
Less: Accumulated depreciation		272,000
Net plant and equipment					339,000
Total assets				$	948,200
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable				$	95,100
Notes payable					78,700
Accrued taxes					12,000
Total current liabilities				$	185,800
Long-term liabilities:
Bonds payable					159,400
Total liabilities				$	345,200
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					233,000
Total stockholders' equity				$	603,000
Total liabilities and stockholders' equity				$	948,200

SNIDER CORPORATION Income Statement For the Year Ending December 31, 2013
Sales (on credit)	$	2,067,000
Cost of goods sold		1,323,000
Gross profit	$	744,000
Selling and administrative expenses		516,000	*
Operating profit (EBIT)	$	228,000
Interest expense		30,100
Earnings before taxes (EBT)	$	197,900
Taxes		83,000
Earnings after taxes (EAT)	$	114,900

*Includes $39,600 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
Receivable turnover	times
Average collection period	days
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	times
Quick ratio	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 coverage	times