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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

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.

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Profit margin Return on assets (investment) Return on equity Receivables turnover Average collection period Inventory turnover Inventory holding period Total asset turnover Current ratio Quick ratio Debt to total assets Times interest earned Fixed charge coverage 6.06 13.33 20.69 12.38 29.48 6.4 57.03 2.2 2.53 1.35 9 % % % x days x days do % X X

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