SNIDER CORPORATION Balance Sheet December 31, 20X1
Assets
Current assets:
Cash		$	56,800
Marketable securities			27,400
Accounts receivable (net)			196,000
Inventory			236,000
Total current assets		$	516,200
Investments			66,200
Plant and equipment	$656,000
Less: Accumulated depreciation	220,000
Net plant and equipment			436,000
Total assets		$	1,018,400
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable		$	91,500
Notes payable			73,900
Accrued taxes			10,700
Total current liabilities		$	176,100
Long-term liabilities:
Bonds payable			156,600
Total liabilities		$	332,700
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			315,700
Total stockholders' equity		$	685,700
Total liabilities and stockholders' equity		$	1,018,400

SNIDER CORPORATION Income Statement For the Year Ending December 31, 20X1
Sales (on credit)	$	2,082,000
Cost of goods sold		1,365,000
Gross profit	$	717,000
Selling and administrative expenses		508,000	*
Operating profit (EBIT)	$	209,000
Interest expense		25,900
Earnings before taxes (EBT)	$	183,100
Taxes		85,400
Earnings after taxes (EAT)	$	97,700

*Includes $43,200 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.)

Part two:

Given the financial statements for Jones Corporation and Smith Corporation:

JONES CORPORATION
Current Assets					Liabilities
Cash			$	122,700	Accounts payable	$	106,000
Accounts receivable				80,700	Bonds payable (long term)		89,300
Inventory				52,600
Long-Term Assets					Stockholders' Equity
Gross fixed assets	$	565,000			Common stock	$	150,000
Less: Accumulated depreciation		154,900			Paid-in capital		70,000
Net fixed assets*				410,100	Retained earnings		250,800
Total assets			$	666,100	Total liabilities and equity	$	666,100

Sales (on credit)	$	1,855,000
Cost of goods sold		718,000
Gross profit	$	1,137,000
Selling and administrative expense		351,000
Depreciation expense		50,500
Operating profit	$	735,500
Interest expense		10,600
Earnings before taxes	$	724,900
Tax expense		94,000
Net income	$	630,900

*Use net fixed assets in computing fixed asset turnover. Includes $13,200 in lease payments.

SMITH CORPORATION
Current Assets					Liabilities
Cash			$	38,000	Accounts payable	$	75,300
Marketable securities				16,100	Bonds payable (long term)		234,000
Accounts receivable				79,200
Inventory				76,400
Long-Term Assets					Stockholders' Equity
Gross fixed assets	$	507,000			Common stock	$	75,000
Less: Accumulated depreciation		250,200			Paid-in capital		30,000
Net fixed assets*				256,800	Retained earnings		52,200
Total assets			$	466,500	Total liabilities and equity	$	466,500

*Use net fixed assets in computing fixed asset turnover.

SMITH CORPORATION
Sales (on credit)	$	1,090,000
Cost of goods sold		674,000
Gross profit	$	416,000
Selling and administrative expense		249,000
Depreciation expense		51,400
Operating profit	$	115,600
Interest expense		23,600
Earnings before taxes	$	92,000
Tax expense		55,300
Net income	$	36,700

Includes $13,200 in lease payments. a. Compute the following ratios. (Use a 360-day year. Do not round intermediate calculations. Input your profit margin, return on assets, return on equity, and debt to total assets answers as a percent rounded to 2 decimal places. Round all other answers to 2 decimal places.)