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SNIDER CORPORATION Balance Sheet December 31, 20X1 Assets Current assets: Cash $ 57,100 Marketable securities 26,100...

SNIDER CORPORATION Balance Sheet December 31, 20X1 Assets Current assets: Cash $ 57,100 Marketable securities 26,100 Accounts receivable (net) 184,000 Inventory 242,000 Total current assets $ 509,200 Investments 64,500 Plant and equipment $689,000 Less: Accumulated depreciation 256,000 Net plant and equipment 433,000 Total assets $ 1,006,700 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 92,700 Notes payable 76,500 Accrued taxes 17,000 Total current liabilities $ 186,200 Long-term liabilities: Bonds payable 151,000 Total liabilities $ 337,200 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 299,500 Total stockholders' equity $ 669,500 Total liabilities and stockholders' equity $ 1,006,700 SNIDER CORPORATION Income Statement For the Year Ending December 31, 20X1 Sales (on credit) $ 2,076,000 Cost of goods sold 1,326,000 Gross profit $ 750,000 Selling and administrative expenses 490,000 * Operating profit (EBIT) $ 260,000 Interest expense 31,800 Earnings before taxes (EBT) $ 228,200 Taxes 84,400 Earnings after taxes (EAT) $ 143,800 *Includes $36,400 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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