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 ERIT Interest expense Taxable income Taxes 2017 $ 5,600,000 2,907,000 285,200 1,533,000 873,800 133,000 740,800 330,300 410,500 Net income 2017 2016 50, 100 664,000 493.000 $1.207.100 3,122,000 # 4,329,100 $ 44.000 759,400 528,00 $1,331,700 3,084,000 4.415, 700 Balance Sheet, Year-End Assets Cash Accounts receivable Inventory Total current assets Fixed assets Total assets Liabilities and Stockholders' Equity Recounts payable Short-term debt Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 342,500 487.000 $ 829,500 2,490,000 $3,319,500 $ 500,000 611,400 $1,111,400 2,445,200 $3,556,600 $ 313.800 565,300 $ 59,100 $ 4,415,700 695.00 $1.009.600 $4.329.100 Prev 1 of 5 Next > $ 4,415,700 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 $ 342,500 487,000 $ 829,500 2,490,000 $ 3,319,500 $ 500,000 611,400 $ 1,111,400 2,445,200 $ 3,556,600 $ 313,800 695,800 $.1,009, 600 $ 4,329,100 $ 313,800 545,300 $ 859,100 $ 4,415,700 Answer is complete but not entirely correct. a. b. $ days Inventory turnover ratio in 2017 Debtequity 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 5.69 3.29 286,200 46.39 1.28 6.57 15.60 40.66 3.63 373,400 %