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

FOUNDATIONS OF FI x Comparing all the ratios (L03-2) 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 $ 52,200 Marketable securities 24,400 Accounts receivable (net) 222,000 Inventory 238,000 Total current assets $536,600 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 70,000 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 L MANAGEMENT Capital paid in excess of par 190,000 Retained earnings 242,300 Total stockholders' equity $612,300 Total liabilities and stockholders' equity $946,500 page 89 SNIDER CORPORATION Income statement For the Year Ending December 31, 20X1 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