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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

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 $ 51,200
Marketable securities 23,300
Accounts receivable (net) 237,000
Inventory 215,000
Total current assets $ 526,500
Investments 61,100
Plant and equipment. $639,000
Less: Accumulated depreciation 215,000
Net plant and equipment 424,000
Total assets $ 1,011,600
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 91,100
Notes payable 78,000
Accrued taxes 18,500
Total current liabilities $ 187,600
Long-term liabilities:
Bonds payable 159,800
Total liabilities $ 347,400
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 294,200
Total stockholders' equity $ 664,200
Total liabilities and stockholders' equity $ 1,011,600

SNIDER CORPORATION Income Statement For the Year Ending December 31, 20X1
Sales (on credit) $ 2,049,000
Cost of goods sold 1,339,000
Gross profit $ 710,000
Selling and administrative expenses 523,000 *
Operating profit (EBIT) $ 187,000
Interest expense 34,300
Earnings before taxes (EBT) $ 152,700
Taxes 83,700
Earnings after taxes (EAT) $ 69,000

*Includes $41,400 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.)

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

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

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.)

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