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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
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 Net income 2020 $ 5,720,000 $ 3,010,000 298,200 1,597,000 814,800 167,000 $ 647,800 293,500 $ 354,300 Balance Sheet, Year-End Assets Cash Accounts receivable Inventory Total current assets Fixed assets Total asset Liabilities and Stockholders' Equity Accounts payable Short-term debt Total current liabilities 2020 43,200 604,000 448,500 $1,095,700 2,876,000 $ 3,971,700 318,300 496,000 14,300 919 700 2019 $ 81,000 1,404,300 976,800 $ 2,462,100 5,752,000 $8,214, 100 $ 990,000 3,215,300 $3,305,300 J. Compound leverage ratio 29.0T 4.18 k. Net cash provided by operating activities 1,309,200
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