Question: please help Saved Chapter 3 HW 12 Includes $40,800 in lease payments. Using the above financial statements for the Snider Corporation, calculate the following ratios.



Saved Chapter 3 HW 12 "Includes $40,800 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 4 points Profitability Ratios 1.88% 3.45% Profit margin Return on assets (investment) Return on equity Book Hint Print References b. Assets utilization ratios (Do not round intermediate calculations. Round your answers to 2 a Receivable turnover Average collection period Inventory tumover Fixed asset lumover Total asset turnover Assets Utilization Ratios times days Simes times times Problem 3-36 Comparing all the ratios (LO3-2) SNIDER CORPORATION Balance Sheet December 31, 20X1 Assets Current assets: Cash Marketable securities Accounts receivable (net) Inventory Total current assets Investments $ 58,700 23, 200 230,000 247,000 $ 558,900 64,100 $ 695,000 216,000 479,000 $1, 102,000 Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets * Liabilities and Stockholders Equity Current liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders equity Preferred stock, $50 par value Common stock, Si par value Capital paid in excess of par $ 96, 900 75, 700 16,400 $ 189,000 158, 700 $ 347,700 $ 100,000 80,000 190,000 Chapter 3 HW Saved 12 c. Liquidity ratios. (Do not round intermediate calculations. Round your answers to 2 decimal 4 points Current ratio Liquidity Ratios times times Quick ratio eBook Hint Print References d. Debt utilization ratios. (Do not round intermediate calculations. Input your debt to total asse decimal places. Round your other answers to 2 decimal places.) Debt Utilization Ratios % Debt to total assets Times interest earned Fixed charge coverage times times 12 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 384,300 $ 754,300 $1,102,000 4 points eBook Hint SNIDER CORPORATION Income Statement For the Year Ending December 31, 20X1 Sales (on credit) $2,024,000 Cost of goods sold 1,354,000 Gross profit $ 670,000 Selling and administrative expenses 511,000 Operating profit (EDIT) 5 159.000 Interest expense 31,600 Earnings before taxes (EBT) $ 127,400 Taxes 89,400 Earnings after taxes (EAT) $ 38,000 Print References "Includes $40,800 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 Profit margin Return on assets (investment) Profitability Ratios 1.88% 3.45% DAR A A
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
