Using the financial statements for the Snider Corporation, calculate all profitability, assets utilization, liquidity, and debt utilization rations learned in this week. SNIDER CORPORATION Balance Sheet December 31, 2013 Assets Current assets: Cash.......................................................... $ 52,200 Marketable securities............................ 24,400 Accounts receivable (net)..................... ...... 222,000 Inventory.............................................. .... 238,000 Total current assets............................ .... $536,000 Investments............................................. ........ 65,900 Plant and equipment....................................... 615,000 Less: Accumulated depreciation.......... ..... (271,000) Net plant and equipment....................... ... 344,000 Total assets.............................................. .... $946,500 Liabilities and Stockholders Equity Current liabilities Accounts payable.................................. ...... $93,400 Notes payable....................................... 70,600 Accrued taxes....................................... 17,000 Total current liabilities....................... ...... 181,000 Long-term liabilities: Bonds payable...................................... ...... 153,200 Total liabilities...................................... .... $334,200 Stockholders equity Preferred stock, $50 per value.............. ...... 100,000 Common stock, $1 par value................ ........ 80,000 Capital paid in excess of par....................... 190,000 Retained earnings................................. .... 242,300 Total stockholders equity....................... 612,300 Total liabilities and stockholders equity..... $946,500 SNIDER CORPORATION Income statement For the Year Ending December 31, 2013 Sales (on credit)....................................................................................................... $2,064,000 Less: Cost of goods sold.................................................................................................. 1,313,000 Gross profit....................................................................................................... 751,000 Less: Selling and administrative expenses.................................................................................................. 496,000* Operating profit (EBIT)....................................................................................................... 255,000 Less: Interest expense.................................................................................................. 26,900 Earnings before taxes (EBT)....................................................................................................... 228,100 Less: Taxes.................................................................................................. 83,300 Earnings after taxes (EAT)....................................................................................................... $ 144,800 *Includes $36,100 in lease payments