nvvvw 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. $615000 Less: Accumulated depreciation 271.000 Net plant and equipment 344.000 Total assets _ Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 93,400 Notes payable 70,600 Accrued taxes 17,000 Total current liabilities as 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 _ 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 prot $ 751,000 Selling and administrative expenses 496,000 * Operating prot (EBIT) $ 255,000 Interest expense 26,900 Earnings before taxes (EBT) $ 228,100 Taxes 83,300 Earnings after taxes (EAT) EI *lncludes $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