SNIDER CORPORATION Balance Sheet December 31, 20X1 Assets Current assets: Cash $ 53,000 Marketable securities 26,400 Accounts receivable (net) 235,000 Inventory 257,000 Total current assets $ 571,400 Investments 65,100 Plant and equipment $699,000 Less: Accumulated depreciation 222,000 Net plant and equipment 477,000 Total assets $ 1,113,500 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 94,200 Notes payable 70,600 Accrued taxes 14,000 Total current liabilities $ 178,800 Long-term liabilities: Bonds payable 158,800 Total liabilities $ 337,600 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 405,900 Total stockholders' equity $ 775,900 Total liabilities and stockholders' equity $ 1,113,500 SNIDER CORPORATION Income Statement For the Year Ending December 31, 20X1 Sales (on credit) $ 2,016,000 Cost of goods sold 1,319,000 Gross profit $ 697,000 Selling and administrative expenses 552,000 * Operating profit (EBIT) $ 145,000 Interest expense 30,300 Earnings before taxes (EBT) $ 114,700 Taxes 89,800 Earnings after taxes (EAT) $ 24,900 *Includes $37,300 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.) b. Assets utilization ratios. (Do not round intermediate calculations. Round your answers to 2 decimal places.) c. Liquidity ratios. (Do not round intermediate calculations. Round your answers to 2 decimal places.) 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.)

I NEED HELP WITH AVERAGE COLLECTION PERIOD AND INVENTORY TURNOVER. I HAVE FORMULA BUT MY NUMBERS ARE NOT ADDING UP.