Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Thank you so much!!! Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 365 days a year. Round

image text in transcribed

Thank you so much!!!

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 $ 5,750,000 3,036,000 301,400 1,614,000 $ 798,600 173,000 $ 625,600 284,500 $ 341,100 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 days a. Inventory tumover 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 % % 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 $ 5,750,000 3,036,000 301,400 1,614,000 $ 798,600 173,000 $ 625,600 284,500 $ 341,100 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 days a. Inventory tumover 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 % %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Equity Valuation And Portfolio Management

Authors: Frank J. Fabozzi, Harry M. Markowitz

1st Edition

047092991X, 9780470929919

More Books

Students also viewed these Finance questions