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 $ 54,200 Marketable securities 28,800 Accounts receivable (net) 180,000 Inventory 244,000 Total current assets $ 507,000 Investments 60,400 Plant and equipment. $ 658,000 Less: Accumulated depreciation 255,000 Net plant and equipment 403,000 Total assets $ 970,400 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 94,800 Notes payable 78,400 Accrued taxes 14,500 Total current liabilities $ 187,700 Long-term liabilities: Bonds payable 159,800 Total liabilities $ 347,500 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 252,900 Total stockholders' equity $ 622,900 Total liabilities and stockholders' equity $ 970,400 SNIDER CORPORATION Income Statement For the Year Ending December 31, 2013 Sales (on credit) $ 2,070,000 Cost of goods sold 1,377,000 Gross profit $ 693,000 Selling and administrative expenses 505,000 * Operating profit (EBIT) $ 188,000 Interest expense 34,200 Earnings before taxes (EBT) $ 153,800 Taxes 85,800 Earnings after taxes (EAT) $ 68,000 *Includes $35,800 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