attached finance assignments

week_2_assignment.xlsx

Sheet1

Using the financial statements for Snider Corporation, calculate the 13 basic rations found in chapter 3.
SNIDER COPORATION
Balance Sheet
December 31, 3013
Assets
Current assets:
	Cash	$ 52,200
	Marketable secruities	24,400
	Accounts receivable (net)	222,000
	Inventory	238,000
	Total current assets	$ 536,600
Investments		65,900
Plant and equipment		$ 615,000
	Less" Accumulated depreciation	$ (271,000)
	Net plant and equipment	$ 344,000
Total assets		$ 946,500
Liabilities and Stockholders' Equity
Current Liablitities
	Accounts payable	$ 93,400
	Notes Payable	70,600
	Accrued Taxes	17,000
	Total current liabilites	$ 181,000
Long-term liabilities:
	Bonds payable	153,200
	Total liabilities	$ 334,200
Stockholders' equity
	Preferred stock, $50 per value	$ 100,000
	Common stock, $1 per value	80,000
	Capital paid in excess of par	190,000
	Retained earings	242,300
	Total stockholders' equity	$ 613,300
Total liabilities and stockholder's equity		$ 946,500
SNIDER COPORATION
Income Statement
For the Year Ending Decemver 31, 2013
Sales (on credit)		$ 2,064,000
	Less: Cost of goods sold	1,313,000
Gross profit		$ 751,000
	Less: Selling and administrative expence	496,000*
Operating profit (EBIT)		$ 255,000
	Less Interest expense	26,900
Earnings befor taxes (EBT)		$ 228,100
	Less: Taxes	83,300
Earnings after taxes (EAT)		$ 144,800
*Includes $36,100 in lease payments.