Using the financial statements for the Snider Corporation, calculate the FIXED CHARGE COVERAGE

36. Comparing all the ratios (L03-20 X Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the chapter. SNIDER CORPORATION Balance Sheet December 31, 201 $ 52,200 24,400 222,000 238.000 $536,600 65.900 $615,000 (271.000 $344.000 $946,500 Assets Current assets: Cash Marketable securities Accounts receivable (net) Inventory Total current assets Investments Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity Preferred stock, $50 per value Common stock, $1 par value Capital paid in excess of par Retained earnings Total stockholders equity Total liabilities and stockholders' equity $93,400 70,600 17.000 $181,000 $153.200 $334,200 $100,000 80,000 190,000 242.300 $612,300 $946,500 SNIDER CORPORATION Income statement For the Year Ending December 31, 20X1 Sales (on credit) Less: Cost of goods sold Gross profit Less: Selling and administrative expenses Operating profit (EBIT) Less: Interest expense Earnings before taxes (EBT) Less: Taxes Earnings after taxes (EAT) $2,064,000 1.313,000 $ 751,000 496,000 $ 235,000 - 26.900 $ 228,100 83.300 $ 144,800