Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the chapter.

SNIDER CORPORATION Balance Sheet December 31, 20X1
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, 20X1
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 Ratio

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.)

Recievable 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.)

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 to total assets ____%

Times interest charged _____times

Fixed charge coverage ______ times