Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the chapter.

SNIDER CORPORATION Balance Sheet December 31, 2013
Assets
Current assets:
Cash				$	52,900
Marketable securities					29,400
Accounts receivable (net)					211,000
Inventory					266,000
Total current assets				$	559,300
Investments					65,000
Plant and equipment.	$	606,000
Less: Accumulated depreciation		214,000
Net plant and equipment					392,000
Total assets				$	1,016,300
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable				$	99,900
Notes payable					73,100
Accrued taxes					10,400
Total current liabilities				$	183,400
Long-term liabilities:
Bonds payable					158,900
Total liabilities				$	342,300
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					304,000
Total stockholders' equity				$	674,000
Total liabilities and stockholders' equity				$	1,016,300

SNIDER CORPORATION Income Statement For the Year Ending December 31, 2013
Sales (on credit)	$	2,018,000
Cost of goods sold		1,285,000
Gross profit	$	733,000
Selling and administrative expenses		506,000	*
Operating profit (EBIT)	$	227,000
Interest expense		30,500
Earnings before taxes (EBT)	$	196,500
Taxes		80,300
Earnings after taxes (EAT)	$	116,200

*Includes $40,700 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 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

rev: 09_17_2014_QC_53895, 02_06_2015_QC_CS-3549