Check my work Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 365 days a year. Round all answers to 2 decimal places except $ amounts.) $ Income Statement Sales Cost of goods sold Depreciation Selling & admin. expenses EBIT Interest expense Taxable income Taxes Net income 2017 5,740, eee 3,027,000 300,300 1,608, eee 804,700 172,000 632,700 287,380 345,400 $ $ 2017 2016 42,100 595,000 441,800 $ 1,078,900 2,840,000 $ 3,918,90 $ 88, eee 1,526,500 1,061,8ee $ 2,676, see 6,262, eee $ 8,938, 30e Balance Sheet, Year-End Assets Cash Accounts receivable Inventory Total current assets Fixed assets Total assets Liabilities and Stockholders' Equity Accounts payable Short-term debt Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 314,300 498, eee $ 812,380 1,887,400 $ 2,619,700 311, 300 987,900 $ 1,299, 200 $ 3,918,90 $ 1,082, eee 1. 329 300 $ 2,411,388 5,313, 2ee $ 7,724,5ee $ 311, 30e 902,500 $ 1,213,800 $ 8,938,300 a. Inventory turnover ratio in 2017 b. Debt/equity ratio in 2017 C. Cash flow from operating activities in 2017 d. Average collection period e. Asset turnover ratio f. Interest coverage ratio g. Operating profit margin h. Return on equity j. Compound leverage ratio k. Net cash provided by operating activities