Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the...

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Answer 1

Answer #1

Profit margin	Net income/Sales	3.29%	=68000/2070000
Return on assets	Net income/Total assets	7.01%	=68000/970400
Return on equity	Net income/Total equity	10.92%	=68000/622900
Receivable turnover	Sales/Accounts receivable	11.50	=2070000/180000
Average collection period	Accounts receivable/Sales per day	31.30	=180000/(2070000/360)
Inventory turnover	Cost of goods sold/Inventory	5.64	=1377000/244000
Fixed asset turnover	Sales/Fixed assets	5.14	=2070000/403000
Total asset turnover	Sales/Total assets	2.13	=2070000/970400
Current ratio	Current assets/Current liabilities	2.70	=507000/187700
Quick ratio	(Current assets-Inventory)/Current liabilities	1.40	=(507000-244000)/187700
Debt to total assets	Total liabilities/Total assets	0.36	=347500/970400
Times interest earned	EBIT/Interest expense	5.50	=188000/34200
Fixed charge coverage	(EBIT+Fixed charges)/(Interest expense+Fixed charges)	3.20	=(188000+35800)/(34200+35800)

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