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 2017 $ 5,770,000 3,055,000 303,500 1,625,000 $ 786,500 176,000 $ Taxes 610,500 278,500 332,000 Net income $ 2017 2016 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 $ $ 40,500 586,000 435, 100 $ 1,061,600 2,805,000 $ 3,866,600 $ 98,000 1,700, 200 1, 182,700 $ 2,980,900 6,990,000 $ 9,970,900 $ 311,200 506,000 $ 817,200 1,706,300 $ 2,523,500 $ 1,218,000 1,497, 300 $ 2,715,300 5,984,500 $ 8,699,800 Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 817,200 1,706,300 $ 2,523,500 $ 314,300 1,028,800 $ 1,343,100 $ 3,866,600 $ 2,715,300 5,984,500 $ 8,699,800 $ 314,300 956,800 $ 1,271,100 $ 9,970,900 X Answer is not complete. a. 3.77 b. 1.88 C. Inventory turnover ratio in 2017 Debt/equity ratio in 2017 Cash flow from operating activities in 2017 Average collection period Asset turnover ratio $ 3,404,100 X d. days e. 0.83 f. Interest coverage ratio 4.47 g. 13.63 % h. 25.40 % Operating profit margin Return on equity Compound leverage ratio Net cash provided by operating activities j. 4.11 k. $ 3,072,100 X