Use the financial statements of Heifer Sports Inc. in Table 14.34 to find the following: (Use 365 days a year. Round all answers to 2 decimal places except $ amounts.) 5.88 c. a Inventory tumover ratio. b. Debt/equity ratio Cash flow from operating activities. d. Average collection period. e. Asset turnover ratio. Interest coverage ratio. g. Operating profit margin. h Return on equity. 1. Compound leverage ratio. 6.69 15.82% 46.33% Income statement 2018 Sales Cost of goods sold Depreciation Selling & administrative expenses EBIT Interest expense Taxable income Taxes Net income $5,500,000 2,850,000 280,000 1.500,000 $ 870,000 130,000 $ 740,000 330.000 $410,000 Balance sheet, year-end 2018 2017 Assets Cash Accounts receivable Inventory Total current assets Fixed assets Total assets Liabilities and shareholders' equity Accounts payable Short-term debt Total current liabilities Long-term bonds Total liabilities $ 50,000 660.000 490.000 $1.200.000 3.100.000 $4.300.000 $ 40,000 690,000 480.000 $1,210.000 2.800,000 $4.010.000 $ 340,000 480.000 $ 820,000 2,520,000 $3,340.000 $ 450,000 550.000 $1.000.000 2.200,000 $3,200.000 Common stock Retained earnings Total shareholders' equity Total liabilities and shareholders equity $310.000 650.000 $ 960.000 $4,300,000 $310.000 500.000 810.000 $4.010,000