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Snider Corps Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the chapter SNIDER CORPORATION Balance Sheet December 31,
Snider Corps
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 $ 55,600 22,000 198,000 239,000 $ 514,600 62,400 Total current assets Investments $683,000 216,000 Plant and equipment. Less: Accumulated depreciation Net plant and equipmert 467,000 $1,044,000 Total assets Liabilities and Stockholders' Equity Current liabilities $ 94,600 72,800 12,800 $ 180,200 payable Notes payable Accrued taxes Total current liabilities Long-term liabilities: Bonds payable Total liabilities 150,400 330,600 Stockholders' equity Preferred stock, $50 par value Common stock, $1 par value Capital paid in excess of par Retained earnings $ 100,000 80,000 190,000 343,400 Total stockholders' equity Total liabilities and stockholders' equity $1,044,000Step by Step Solution
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