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 and administrative expenses EBIT Interest expense Taxable income Taxes Net income 2020 $ 5,680,000 2,977,000 294,300 1,576,000 832,700 155,000 677,700 305,300 $ 372,400 2020 2019 Balance Sheet, Year-End Assets Cash Accounts receivable Inventory $ $ 45,500 624,000 463,300 70,000 1,211,200 842,500 Tato 4 1 Check 2020 2019 $ 45,500 624,000 463,300 $ 1,132,800 2,957,000 $ 4,089,800 $ 70,000 1,211,200 842,500 $ 2, 123,700 4,952,000 $ 7,075,700 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 $ 325,500 494,000 819,500 2,041,200 $ 2,860,700 312,300 916,800 $ 1,229,100 $ 4,089,800 $ 836,000 1,024,500 $ 1,860,500 4,098,500 $ 5,959,000 $ 312,300 804,400 $ 1,116,700 $ 7,075,700 a. Inventory turnover ratio in 2020 Check my wol a. Inventory turnover ratio in 2020 b. Debt/equity ratio in 2020 C. Cash flow from operating activities in 2020 d. Average collection period e. Asset turnover ratio days % f. Interest coverage ratio g. Operating profit margin h. Return on equity j. Compound leverage ratio k. Net cash provided by operating activities %