*Not in excel sheet please*

1. Use the following inancial statements of Heifer Sports Inc. in Table 14.14 to fund Heifer's: (1.014-1) Inventory tumover Intio in 2015 b. Debt/equily mtio in 2015 C Cash flow from operating netivities in 2015 d Average collection period. Asset tuovecratio. Interest covenge ratio & Operating profit nangin, Relumn on equity PETO. Compound leverage ratio . Net cash provided by operating activities. Income statement 2015 Sales Cost of goods sold Depreciation Selling & administrative expenses EBIT Interest expense Taxable income Taxes Net income Balance sheet, year-end $5,500,000 2.850,000 280,000 1,500,000 $ 870,000 130,000 $ 740,000 330,000 $ 410,000 2015 2014 Assets Cash $ 50,000 $ 40,000 Accounts receivable 660,000 690,000 Inventory 490,000 480,000 Total current assets $1,200,000 $1,210,000 Fixed assets 3.100,000 2,800,000 Total assets $4,300,000 $4,010,000 Liabilities and shareholders' equity Accounts payable $ 340,000 $ 450,000 Short-term debt 480,000 550,000 Total current liabilities $ 820,000 $1,000,000 Long-term bonds 2.520 000 2.200,000 Total liabilities $3,340,000 $3,200,000 Common stock $ 310,000 $ 310,000 Retained earnings 650,000 500,000 Total shareholders' equity $ 960.000 810,000 Total liabilities and shareholders equity $4,300,000 $4,010 000