SNIDER CORPORATION Income Statement For the Year Ending December 31, 20x1 Sales (on credit) Cost of goods sold Gross profit Selling and administrative expenses Operating profit (EBIT) Interest expense Earnings before taxes (EBT) Taxes Earnings after taxes (EAT) $ 2,006,000 1,295,000 $ 711,000 522,000* $ 189,000 33,000 $ 156,000 81,300 $ 74,700 *Includes $38,700 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 Profitability Ratios Profit margin Return on assets (investment) Return on equity % % % a. Profitability ratios. (Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.) Profitability Ratios % Profit margin Return on assets (investment) d Return on equity % % b. Assets utilization ratios. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Assets Utilization Ratios Receivable turnover Average collection period Inventory turnover Fixed asset turnover Total asset turnover times days times times times