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.......................................................... $ 52,200

Marketable securities............................        24,400

Accounts receivable (net)............................ 222,000

Inventory...................................................   238,000

Total current assets................................. $536,000

Investments...................................................... 65,900

Plant and equipment...................................... 615,000

Less: Accumulated depreciation................ (271,000)

Net plant and equipment..........................    344,000

Total assets................................................... $946,500

Liabilities and Stockholders’ Equity

Current liabilities

Accounts payable........................................ $93,400

Notes payable.......................................        70,600

Accrued taxes.......................................        17,000

Total current liabilities.............................. 181,000

Long-term liabilities:

Bonds payable............................................. 153,200

Total liabilities........................................... $334,200

Stockholders’ equity

Preferred stock, $50 per value.................... 100,000

Common stock, $1 par value......................... 80,000

Capital paid in excess of par....................... 190,000

Retained earnings......................................   242,300

Total stockholders’ equity........................ 612,300

Total liabilities and stockholders’ equity..... $946,500

SNIDER CORPORATION
Income statement For the Year Ending December 31, 2013
Sales (on credit)............................................................................	$2,064,000
Less: Cost of goods sold..........................................................	1,313,000
Gross profit...................................................................................	751,000
Less: Selling and administrative expenses................................	496,000*
Operating profit (EBIT)................................................................	255,000
Less: Interest expense...............................................................	26,900
Earnings before taxes (EBT).........................................................	228,100
Less: Taxes................................................................................	83,300
Earnings after taxes (EAT)...........................................................	$ 144,800

*Includes $36,100 in lease payments.