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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

2017

Sales

$

5,670,000

Cost of goods sold

2,967,000

Depreciation

293,200

Selling & admin. expenses

1,570,000

EBIT

$

839,800

Interest expense

151,000

Taxable income

$

688,800

Taxes

310,500

Net income

$

378,300

Balance Sheet, Year-End

2017

2016

Assets

Cash

$

46,200

$

67,000

Accounts receivable

632,000

1,159,200

Inventory

469,200

806,300

Total current assets

$

1,147,400

$

2,032,500

Fixed assets

2,993,000

4,737,000

Total assets

$

4,140,400

$

6,769,500

Liabilities and Stockholders' Equity

Accounts payable

$

329,500

$

796,000

Short-term debt

498,000

975,300

Total current liabilities

$

827,500

$

1,771,300

Long-term bonds

2,097,800

3,901,400

Total liabilities

$

2,925,300

$

5,672,700

Common stock

$

315,200

$

315,200

Retained earnings

899,900

781,600

Total stockholders' equity

$

1,215,100

$

1,096,800

Total liabilities and stockholders' equity

$

4,140,400

$

6,769,500

c.

Cash flow from operating activities in 2017

g.

Operating profit margin

h.

Return on equity

j.

Compound leverage ratio

k.

Net cash provided by operating activities

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