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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 Current assets: Cash $ 52,500 Marketable securities 22,500 Accounts receivable (net) 178,000 Inventory 290,000 Total current assets $ 543,000 Investments 66,200 Plant and equipment. $611,000 Less: Accumulated depreciation 272,000 Net plant and equipment 339,000 Total assets $ 948,200 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 95,100 Notes payable 78,700 Accrued taxes 12,000 Total current liabilities $ 185,800 Long-term liabilities: Bonds payable 159,400 Total liabilities $ 345,200 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 233,000 Total stockholders' equity $ 603,000 Total liabilities and stockholders' equity $ 948,200 SNIDER CORPORATION Income Statement For the Year Ending December 31, 20X1 Sales (on credit) $ 2,067,000 Cost of goods sold 1,323,000 Gross profit $ 744,000 Selling and administrative expenses 516,000 * Operating profit (EBIT) $ 228,000 Interest expense 30,100 Earnings before taxes (EBT) $ 197,900 Taxes 83,000 Earnings after taxes (EAT) $ 114,900 *Includes $39,600 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.) HintsReferenceseBook & Resources WorksheetDifficulty: AdvancedLearning Objective: 03-02 Ratio can be used to measure profitability, asset utilization, liquidity, and debt utilization. Check my work ©2017 McGraw-Hill Education. All rights reserved.

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