Use the financial statements of Heifer Sports Inc. in Table 14.14 to find the following: (Use 365 days a year. Round all answers to 2 decimal places except $ amounts.) CAN YOU ANSWER THE ONES THAT I GOT INCORRECT? ( PART C & PART I )

TABLE 14.14 Heifer Sports financial statements 2018 Income statement Sales Cost of goods sold Depreciation Selling & administrative expenses EBIT Interest expense Taxable income Taxes Net Income Balance sheet, year-end Assets Cash Accounts receivable Inventory Total current assets Fixed assets Total assets $5,500,000 2,850,000 280,000 1,500,000 $ 870,000 130,000 $ 740,000 330,000 $ 410,000 Use the financial statements of Heifer Sports Inc. in Table 14.14 to find the followin! decimal places except $ amounts.) Answer is complete but not entirely correct. 2018 2017 a. b. $ 50,000 660,000 490,000 $1.200.000 3,100,000 $4,300,000 C. $ 40,000 690,000 480,000 $1.210.000 2.800,000 $4,010,000 d. e. Inventory turnover ratio. Debt/equity ratio Cash flow from operating activities Average collection period. Asset turnover ratio. Interest coverage ratio. Operating profit margin. Return on equity. Compound leverage ratio. 5.88 3.48 $ 840,000 44.80 1.32 6.69 15.82% 46.33% 3.64 % f. XOOOOO Liabilities and shareholders' equity Accounts payable Short-term debt Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total shareholders' equity Total liabilities and shareholders' equity g. h. i. $ 340,000 480.000 $ 820,000 2,520,000 $3,340,000 $ 310,000 650,000 $ 960,000 $4,300,000 $ 450,000 550.000 $1.000.000 2,200,000 $3,200,000 $ 310,000 500,000 810,000 $4,010,000