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				$	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, 2013
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.)

	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