Question: please show work. help me find average collection period. TIA! SNIDER CORPORATION Balance Sheet December 31,201 Assets Current assets: Cash Marketable securities Accounts receivable (net)

please show work. help me find average collection period. TIA!
please show work. help me find average collection period. TIA! SNIDER CORPORATION
Balance Sheet December 31,201 Assets Current assets: Cash Marketable securities Accounts receivable
(net) Inventory Total current assets Investments \begin{tabular}{r} 56,000 \\ 22,800 \\ 203,000
\\ 263,000 \\ \hline$544,800 \\ 64,700 \end{tabular} Plant and equipment Less: Accumulated

SNIDER CORPORATION Balance Sheet December 31,201 Assets Current assets: Cash Marketable securities Accounts receivable (net) Inventory Total current assets Investments \begin{tabular}{r} 56,000 \\ 22,800 \\ 203,000 \\ 263,000 \\ \hline$544,800 \\ 64,700 \end{tabular} Plant and equipment Less: Accumulated depreciation $672,000 Net plant and equipment Total assets 216,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities 456,000$1,065,500 Long-term liabilities: Bonds payable Total liabilities Stockholders' equity Preferred stock, $50 par value Common stock, \$1 par value Capital paid in excess of par Retained earnings Total stockholders' equity \begin{tabular}{rr} $97,100 \\ 75,100 \\ 11,700 \\ \hline$183,900 \end{tabular} Total liabilities and stockholders' equity 150,700$334,600 $100,000 80,000 190,000 360,900 $730,900 $1,065,500 Includes $38,700 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.) Answer is complete but not entirely correct. c. Liquidity ratios. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Answer is complete and correct. d. Debt utlization 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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