Question

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 Total current liabilities Long-term liabilities Bonds payable Total liabilities 159,800 $ 346,400 Stockholders' equity Preferred stock, $50 par value Common stock, $1 par value Capital paid in excess of par Retained earnings $100,000 80,000 190,000 236,700 $ 606,700 $ 953,100 Total stockholders' equity Total liabilities and stockholders' equity SNIDER CORPORATION Income Statement For the Year Ending December 31, 20x1 Sales (on credit) Cost of goods sold Gross profit Selling and administrative expenses Operating profit (EBIT) Interest expense Earnings before taxes (EBT) Taxes $ 2,034,000 1,329,000 $705,000 544,000* $ 161,000 30,200 $130,800 88,600 $ 42,200 Earnings after taxes (EAT)

Answer 1