Using the financial statements for the Snider Corporation, calculate the 13 basic ratios. (Use 365 days in a year. Round the answers in days to whole number and other final answers to 2 decimal places.)

SNIDER CORPORATION Balance Sheet December 31, 20XX
Assets
Current assets:
Cash		$	50,000
Marketable securities			20,000
Accounts receivable (net)			160,000
Inventory			200,000
Total current assets			430,000
Investments			60,000
Plant and equipment	600,000
Accumulated amortization	190,000
Net plant and equipment			410,000
Total assets		$	900,000
Liabilities and Shareholders Equity
Current liabilities:
Accounts payable		$	90,000
Notes payable			70,000
Accrued taxes			10,000
Total current liabilities			170,000
Long-term liabilities:
Bonds payable			150,000
Total liabilities			320,000
Shareholders equity
Preferred stock			100,000
Common stock			270,000
Retained earnings			210,000
Total shareholders equity			580,000
Total liabilities and shareholders equity		$	900,000

SNIDER CORPORATION Income Statement Year ending December 31, 20XX
Sales (on credit)	$	1,980,000
Cost of goods sold		1,280,000
Gross profit		700,000
Selling and administrative expenses*		475,000
Operating profit (EBIT)		225,000
Interest expense		25,000
Earnings before taxes (EBT)		200,000
Taxes		80,000
Earnings after taxes (EAT)	$	120,000

*Includes $35,000 in lease payments.

Profit margin	6.06 Numeric Response1. Edit Unavailable.6.06correct.	%
Return on assets (investment)	13.33 Numeric Response2. Edit Unavailable.13.33correct.	%
Return on equity	20.69 Numeric Response3. Edit Unavailable.20.69correct.	%
Receivables turnover	12.38 Numeric Response4. Edit Unavailable.12.38correct.
Average collection period	29 Numeric Response5. Edit Unavailable.29correct.	days
Inventory turnover	6.40 Numeric Response6. Edit Unavailable.6.40correct.
Inventory holding period	57 Numeric Response7. Edit Unavailable.57correct.	days
Total asset turnover	2.20 Numeric Response8. Edit Unavailable.2.20correct.
Current ratio	2.53 Numeric Response9. Edit Unavailable.2.53correct.
Quick ratio	1.35 Numeric Response10. Edit Unavailable.1.35correct.
Debt to total assets	35.56 Numeric Response11. Edit Unavailable.35.56correct.	%
Times interest earned	9.00 Numeric Response12. Edit Unavailable.9.00correct.
Fixed charge coverage	3.00 Numeric Response13. Edit Unavailable.3.00incorrect.