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...
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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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...
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...
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...
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 $970,400 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued taxes $94,800 78,400 14,500 $187,700 Total current liabilities...
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 $ 52,900 23,700 213,000 233,000 $522,600 64,500 Total current assets Investments Plant and equipment $612,000 246,000 Less: Accumulated depreciation Net plant and equipment 366,000 $ 953,100 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued taxes $ 94,700 78,000 13,900 $ 186,600...
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 $ 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...
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Refer to the following financial statements for Crosby Corporation CROSBY CORPORATION Income Statement For the Year...
Refer to the following financial statements for Crosby Corporation CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 3,900,000 2,470,000 1,430,000 618,000 290,000 522,000 es Cost of goods sold Selling and administrative expense Depreciation expense Operating income Interest expense 434,900 127,000 307,900 10,000 297,900 Eamings before taxes Taxes Eamings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share Statement of Retained Earnings For the Year Ended December 31, 20X2 Retained earnings, balance,...
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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...
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...
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 $970,400 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued taxes $94,800 78,400 14,500 $187,700 Total current liabilities...
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 $ 52,900 23,700 213,000 233,000 $522,600 64,500 Total current assets Investments Plant and equipment $612,000 246,000 Less: Accumulated depreciation Net plant and equipment 366,000 $ 953,100 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued taxes $ 94,700 78,000 13,900 $ 186,600...
Refer to the following financial statements for Crosby Corporation CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 Sales Cost of goods sold Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense $3,900,000 2,470,000 $1,430,000 618,000 290,000 $ 522,000 Earnings before taxes Taxes $ 434,900 127,000 S 307,900 Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share 297,900 150,000 Statement of Retained Earnings For the Year Ended December...
Refer to the following financial statements for Crosby Corporation CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 3,900,000 2,470,000 1,430,000 618,000 290,000 522,000 es Cost of goods sold Selling and administrative expense Depreciation expense Operating income Interest expense 434,900 127,000 307,900 10,000 297,900 Eamings before taxes Taxes Eamings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share Statement of Retained Earnings For the Year Ended December 31, 20X2 Retained earnings, balance,...
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