SNIDER CORPORATION Balance Sheet December 31, 20X1 Assets Current assets: Cash .... Marketable securities Accounts receivable (net) Inventory 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 $ 52,200 24,400 222,000 238.000 $536,600 65,900 $615.000 (271,000) $344,000 $946,500 ** $ 93,400 70.600 17.000 $181,000 (continued) SNIDER CORPORATION Balance Sheet December 31, 20X1 $153,200 $334,200 Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Preferred stock, $50 per value Common stock, $1 par value Capital paid in excess of par Retained earnings ..... Total stockholders' equity Total liabilities and stockholders' equity $100,000 80,000 190,000 242,300 $612.300 $946,500 SNIDER CORPORATION Income statement For the Year Ending December 31, 20X1 ***** Sales (on credit) Less: Cost of goods sold Gross profit Less: Selling and administrative expenses Operating profit (EBIT) Less: Interest expense Earnings before taxes (EBT) Less: Taxes Earnings after taxes (EAT) $2,064,000 1.313,000 $ 751.000 496,000 $ 255,000 26,900 $ 228.100 83.300 $ 144.800 "Includes $36,100 in lease payments. 36. Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the chapter. SNIDER CORPORATION Balance Sheet December 31, 20X1 Assets Current assets: Cash Marketable securities Accounts receivable (net) Inventory ........... 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 $ 52,200 24,400 222.000 238,000 $536,600 65.900 $615,000 (271,000) $344,000 $946,500 ******** $ 93,400 70,600 17.000 $181.000 (continued