Week 1, Chapters 2&3 Saved Help Save & Exit Submit Check my work 6 SNIDER CORPORATION Balance Sheet December 31, 20x1 Assets Current assets: Cash Marketable securities Accounts receivable (net) Inventory Total current assets Investments 1 points $ 58,400 21,700 166,000 233,000 $479,100 64,600 eBook $654,000 224,000 430,000 $973,700 Hint $ 96,400 74,900 19,400 $190,700 Print Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity Preferred stock, $50 par value Common stock, $1 par value Capital paid in excess of par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 156,900 $347,600 References $100,000 80,000 190,000 256, 100 $626,100 $973,700 SNIDER CORPORATION Income Statement For the Year Ending December 31, 20X1 Sales (on credit). $2,106,000 Cost of goods sold 1,371,000 Gross profit $ 735,000 5 of 6 HH Next Check 6 1 points SNIDER CORPORATION Income Statement For the Year Ending December 31, 20x1. Sales (on credit) $2,106,000 Cost of goods sold 1,371,000 Gross profit $ 735,000 Selling and administrative expenses 561,000+ Operating profit (EBIT) $ 174,000 Interest expense 33,900 Earnings before taxes (EBT) $ 140, 100 83,300 Earnings after taxes (EAT) $ 56,800 eBook Taxes Hint *Includes $42,700 in lease payments. Using the above financial statements for the Snider Corporation, calculate the following ratios. Print a. Profitability ratios. (Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.) References Profit margin Return on assets (investment) Return on equity Profitability Ratios % % % b. Assets utilization ratios. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Assets Utilization Ratios Receivable turnover times Mc Saved Help Save & Exit Submit Week 1, Chapters 2&3 i Check my work 6 b. Assets utilization ratios. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Assets Utilization Ratios times points days Receivable turnover Average collection period Inventory turnover Fixed asset turnover times times Total asset turnover times eBook Hint c. Liquidity ratios. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Print Liquidity Ratios times References Current ratio 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