23 Assets SNIDER CORPORATION Balance Sheet December 31, 20X1 $ 56,000 22,800 203,000 263,000 $ 544,800 64,700 Skipped Current assets: Cash Marketable securities Accounts receivable (net) Inventory Ask Total current assets Investments Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued taxes 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 $672,000 216,000 456,000 $1,065,500 $ 97,100 75,100 11,700 $ 183,900 150,700 $ 334,600 $ 100,000 80,000 190,000 360,900 $ 730.900 Prev 23 of 30 Next > SNIDER CORPORATION Income Statement For the Year Ending December 31, 20X1 Sales (on credit) $ 2,006,000 Cost of goods sold 1,295,000 Gross profit $ 711,000 Selling and administrative expenses 522,000* Operating profit (EBIT) $ 189,000 Interest expense 33,000 Earnings before taxes (EBT) $ 156,000 Taxes 81,300 Earnings after taxes (EAT) $ 74,700 *Includes $38,700 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 deci Profitability Ratios Profit margin Return on assets (investment) Return on equity % % % NNMENT Saved Help Save & Exit b. Assets utilization ratios. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Assets Utilization Ratios Receivable turnover Average collection period Inventory turnover Fixed asset turnover Total asset turnover times days times times times