SNIDER CORPORATION Balance Sheet December 31, 20X1 Assets Current assets: Cash $ 52,900 Marketable securities 23,700 Accounts receivable (net) 213,000 Inventory 233,000 Total current assets $ 522,600 Investments 64,500 Plant and equipment $612,000 Less: Accumulated depreciation 246,000 Net plant and equipment 366,000 Total assets $ 953,100 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 94,700 Notes payable 78,000 Accrued taxes 13,900 Total current liabilities $ 186,600 Long-term liabilities: Bonds payable 159,800 Total liabilities $ 346,400 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 236,700 Total stockholders' equity $ 606,700 Total liabilities and stockholders' equity $ 953,100 SNIDER CORPORATION Income Statement For the Year Ending December 31, 20X1 Sales (on credit) $ 2,034,000 Cost of goods sold 1,329,000 Gross profit $ 705,000 Selling and administrative expenses 544,000 * Operating profit (EBIT) $ 161,000 Interest expense 30,200 Earnings before taxes (EBT) $ 130,800 Taxes 88,600 Earnings after taxes (EAT) $ 42,200

b. Assets utilization ratios. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Receivable turnover Average collection period Inventory turnover Fixed asset turnover Total asset turnover Assets Utilization Ratios 9.55 times 38.22 x days 5.70 X times 5.56 times 2.13 times