(Please only answer to the questions i got wrong, with specific soultions,thanks!)

(Please only answer to the questions i got wrong, with specific soultions,thanks!)

Problem 19-1 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 2017 $ 5,750,000 3, 036, 000 301, 400 1,614,000 $ 798, 600 173,000 625, 600 284,500 341, 100 Net income 2017 2016 $ 41,600 592,000 439, 600 $ 1,073, 200 2, 827,000 $ 3, 900, 200 90,000 1,561, 400 1,086, 100 $ 2,737,500 6, 410,000 $ 9, 147,500 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 $ 313, 300 501,000 $ 814, 300 1, 783, 800 $ 2,598, 100 $ 312,500 989, 600 $ 1,302, 100 $ 3,900, 200 $ 1,110,000 1, 364, 200 $ 2, 474, 200 5, 452, 300 $ 7,926, 500 $ 312,500 908, 500 $ 1,221,000 $ 9, 147,500 X Answer is complete but not entirely correct. a. b. . d. e. f. Inventory turnover ratio in 2017 Debt/equity ratio in 2017 Cash flow from operating activities in 2017 Average collection period Asset turnover ratio Interest coverage ratio Operating profit margin Return on equity Compound leverage ratio Net cash provided by operating activities 3.98 2.00 $ 3,918,300 68.35 days 0.88 4.62 13.89 % 27.04 % 4.05 $ 3,918,300 g. h. j. k. >IX