Problem 3-36 Comparing all the ratios [LO3-2]

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 $ 53,000 Marketable securities 26,400 Accounts receivable (net) 235,000 Inventory 257,000 Total current assets $ 571,400 Investments 65,100 Plant and equipment. $699,000 Less: Accumulated depreciation 222,000 Net plant and equipment 477,000 Total assets $ 1,113,500 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 94,200 Notes payable 70,600 Accrued taxes 14,000 Total current liabilities $ 178,800 Long-term liabilities: Bonds payable 158,800 Total liabilities $ 337,600 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 405,900 Total stockholders' equity $ 775,900 Total liabilities and stockholders' equity $ 1,113,500

     SNIDER CORPORATION
Income Statement
For the Year Ending December 31, 20X1 Sales (on credit) $ 2,016,000 Cost of goods sold 1,319,000 Gross profit $ 697,000 Selling and administrative expenses 552,000 * Operating profit (EBIT) $ 145,000 Interest expense 30,300 Earnings before taxes (EBT) $ 114,700 Taxes 89,800 Earnings after taxes (EAT) $ 24,900

*Includes $37,300 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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