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		$	53,000
Marketable securities			26,400
Accounts receivable (net)			235,000
Inventory			257,000
Total current assets		$	571,400
Investments			65,100
Plant and equipment.	$699,000
Less: Accumulated depreciation	222,000
Net plant and equipment			477,000
Total assets		$	1,113,500
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable		$	94,200
Notes payable			70,600
Accrued taxes			14,000
Total current liabilities		$	178,800
Long-term liabilities:
Bonds payable			158,800
Total liabilities		$	337,600
Stockholders' equity
Preferred stock, $50 par value		$	100,000
Common stock, $1 par value			80,000
Capital paid in excess of par			190,000
Retained earnings			405,900
Total stockholders' equity		$	775,900
Total liabilities and stockholders' equity		$	1,113,500

SNIDER CORPORATION Income Statement For the Year Ending December 31, 20X1
Sales (on credit)	$	2,016,000
Cost of goods sold		1,319,000
Gross profit	$	697,000
Selling and administrative expenses		552,000	*
Operating profit (EBIT)	$	145,000
Interest expense		30,300
Earnings before taxes (EBT)	$	114,700
Taxes		89,800
Earnings after taxes (EAT)	$	24,900

*Includes $37,300 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 places.)

	Profitability Ratios
Profit margin		%
Return on assets (investment)		%
Return on equity		%

b. Assets utilization ratios. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

	Assets Utilization Ratios
Receivable turnover		times
Average collection period		days
Inventory turnover		times
Fixed asset turnover		times
Total asset turnover		times

c. Liquidity ratios. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

	Liquidity Ratios
Current ratio		times
Quick ratio		times

d. Debt utilization ratios. (Do not round intermediate calculations. Input your debt to total assets answer as a percent rounded to 2 decimal places. Round your other answers to 2 decimal places.)

	Debt Utilization Ratios
Debt to total assets		%
Times interest earned		times
Fixed charge coverage		times