Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the...
Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the chapter.
MARNI CORPORATION Balance Sheet December 31, 2018
Assets
Current assets: Cash $50,000
Accounts receivable 100,000
Inventory 200,000
Total current assets $350,000
Net plant and equipment $650,000
Total assets $1,000,000
Liabilities and Stockholders' Equity Current liabilities:
Accounts payable $100,000
Accrued expenses 90,000
Total current liabilities $190,000 Long-term liabilities:
Long-term debt: 250,000
Total liabilities $440,000
Stockholders' equity:
Common stock 100,000
Capital paid in excess of par 50,000
Retained earnings 410,000
Total stockholders' equity $560,000
Total liabilities and stockholders' equity $1,000,000
MARNI CORPORATION Income Statement For the Year Ending December 31, 2018
Sales (all on credit) $2,000,000
Less: Cost of goods sold 1,750,000
Gross profit $250,000
Less: Selling and administrative expenses 30,000
Fixed Lease Expenses 10,000
Depreciation 60,000 Operating profit (EBIT) $150,000
Less: Interest expense 25,000
Earnings before taxes (EBT) $125,000
Less: Taxes (40%) 50,000
Earnings after taxes (EAT) $75,000
Solution Instructions Enter formulas to calculate the following ratios. Use a 360 day year.
Profitability ratios Profit margin FORMULA [DuPont System of Analysis]
Return on assets (investment) FORMULA FORMULA
Return on equity FORMULA FORMULA
Assets utilization ratios
Receivable turnover FORMULA
Average collection period FORMULA
Inventory turnover FORMULA
Fixed asset turnover FORMULA
Total asset turnover FORMULA
Liquidity ratios Current ratio FORMULA
Quick ratio FORMULA
Debt utilization ratios
Debt to total assets FORMULA
Times interest earned FORMULA
Fixed charge coverage FORMULA
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Using the financial statements for the Snider Corporation,
calculate the 13 basic ratios found in the...
Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the chapter SNIDER CO...
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 Marketable securitie $ 51,800 24,200 Accounts receivable (net Inventory Total current assets 174,000 227,000 $ 477,000 63,500 Investments Plant and equipment Less: Accumulated depreciation Net plant and equipment $646,000 246,000 400,000 $ 940,500 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Notes payable Accrued taxes $ 91,100 73,400 18,400 Total...
Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the...
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 Marketable securities Accounts receivable (net) Inventory $ 54,200 28,800 180,000 244,000 $507,000 60,400 Total current assetS Investments $658,000 255,000 Plant and equipment. Less: Accumulated depreciation Net plant and equipment 403,000 Total assets $ 970,400 Liabilities and Stockholders' Equity Current liabilities Accounts payable Notes payable Accrued taxes $ 94,800 78,400 14,500 $187,700 Total...
Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the...
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Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the...
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Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the...
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Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the...
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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 Marketable securitie $ 51,800 24,200 Accounts receivable (net Inventory Total current assets 174,000 227,000 $ 477,000 63,500 Investments Plant and equipment Less: Accumulated depreciation Net plant and equipment $646,000 246,000 400,000 $ 940,500 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Notes payable Accrued taxes $ 91,100 73,400 18,400 Total...
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 Marketable securities Accounts receivable (net) Inventory $ 54,200 28,800 180,000 244,000 $507,000 60,400 Total current assetS Investments $658,000 255,000 Plant and equipment. Less: Accumulated depreciation Net plant and equipment 403,000 Total assets $ 970,400 Liabilities and Stockholders' Equity Current liabilities Accounts payable Notes payable Accrued taxes $ 94,800 78,400 14,500 $187,700 Total...
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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: $ 53,700 28,700 210,000 216,000 508,400 62,300 Marketable securities Accounts receivable (net) Inventory Total current assets Investments 676,000 223,000 Plant and equipment. Less: Accumulated depreciation Net plant and equipment 453,000 $1,023,700 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Notes payable Accrued taxes $ 90,800 77,900 15,900 $184,600 Total current liabilities...
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