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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

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 $ 53,400
Marketable securities 21,100
Accounts receivable (net) 253,000
Inventory 261,000
Total current assets $ 588,500
Investments 64,300
Plant and equipment. $673,000
Less: Accumulated depreciation 286,000
Net plant and equipment 387,000
Total assets $ 1,039,800
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 98,300
Notes payable 70,100
Accrued taxes 13,800
Total current liabilities $ 182,200
Long-term liabilities:
Bonds payable 154,100
Total liabilities $ 336,300
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 333,500
Total stockholders' equity $ 703,500
Total liabilities and stockholders' equity $ 1,039,800

SNIDER CORPORATION Income Statement For the Year Ending December 31, 20X1
Sales (on credit) $ 2,092,000
Cost of goods sold 1,341,000
Gross profit $ 751,000
Selling and administrative expenses 530,000 *
Operating profit (EBIT) $ 221,000
Interest expense 26,800
Earnings before taxes (EBT) $ 194,200
Taxes 82,500
Earnings after taxes (EAT) $ 111,700

*Includes $41,300 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.)

b. Assets utilization ratios. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

c. Liquidity ratios. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

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.)

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