A.Use the attached financial statements for Heifer Sports to calculate Leverage ratio for 2012. Give your answer to two decimal places.

B.Use the attached financial statements for Heifer Sports to calculate Inventory turnover ratio for 2012. Give your answer to two decimal places.

C.Use the attached financial statements for Heifer Sports to calculate Interest coverage ratio for 2012. Give your answer to two decimal places.

D.Use the attached financial statements for Heifer Sports to calculate Return on equity for 2012. Give your answer to two decimal places. Give your answer as a percent and to the nearest 0.01% (e.g. type 3.25 if your answer is three and a quarter percent).

2011 TABLE 14.14 Heifer Sports financial statements Income Statement 2012 Sales $5,500,000 Cost of goods sold 2,850,000 Depreciation 280,000 Selling & administrative expenses 1,500,000 EBIT 870,000 Interest expense 130,000 Taxable income 740,000 Taxes 330,000 Net income $ 410,000 Balance Sheet, year-end 2012 Assets Cash $ 50,000 Accounts receivable 660,000 Inventory 490,000 Total current assets $1,200,000 Fixed assets 3,100,000 Total assets $4,300,000 Liabilities and shareholders' equity Accounts payable $ 340,000 Short-term debt 480,000 Total current liabilities $ 820,000 Long-term bonds 2,520,000 Total liabilities $3,340,000 Common stock $ 310,000 Retained earnings 650,000 Total shareholders' equity $ 960,000 Total liabilities and shareholders' equity $4,300,000 $ 40,000 690,000 480,000 $1,210,000 2,800,000 $4,010,000 $ 450,000 550.000 $1,000,000 2,200,000 $3,200,000 $ 310,000 500,000 810,000 $4,010,000