TUTORIAL 3-WORKING WITH FINANCIAL STATEMENTS Question 1 Comparing all the ratios Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the chapter. SNIDER CORPORATION Statement of Financial Position December 31, 2017 Assets Current assets: Cash $50,000 Marketable securities 20,000 Accounts receivable (net) 160,000 Inventory 200,000 Total current assets $430,000 Investments 60,000 Plant and equipment 600,000 Less: Accumulated depreciation -190,000 Net plant and equipment 410,000 Total assets $900,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $90,000 Notes payable 70,000 Accrued taxes Total current liabilities Long-term liabilities: 10,000 170,000 Bonds payable 150,000 Total liabilities $320,000 Stockholders' equity: Preferred stock, $50 par value 100,000 Common stock, $1 par value 80,000 Capital paid in excess of par 190,000 210,000 Retained earnings Total stockholders' equity 580,000 Total liabilities and stockholders' equity $900,000 SNIDER CORPORATION Statement of Financial Performance For the Year Ending December 31, 2017 Sales (on credit) $1,980,000 Less: Cost of goods sold 1,280,000 Gross profit 700,000 Less: Selling and administrative expenses 475,000.