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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 Taxes 2020 $ 5,730,000 3,020,000 299, 200 1,602,000 $ 808,800 170,000 $ 638,800 289,300 $ 349,500 Net income 2020 2019 $ 42,600 600,000 445,500 $ 1,088, 100 2,861,000 $ 3,949, 100 $ 85,000 1,474,300 1,025,500 $ 2,584,800 6,043,000 $ 8,627,800 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 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 316,400 498,000 $ 814,400 1,854,400 $ 2,668,800 $ 311,700 968,600 $ 1,280, 300 $ 3,949, 100 $ 1,042,000 1,279,500 $ 2,321,500 5,115,500 $ 7,437,000 $ 311,700 879, 100 $ 1,190,800 $ 8,627,800 2.08 days a. Inventory turnover ratio in 2020 b. Debt/equity ratio in 2020 c. Cash flow from operating activities in 2020 d. Average collection period e. Asset turnover ratio f. Interest coverage ratio g. Operating profit margin h. Return on equity j. Compound leverage ratio k. Net cash provided by operating activities 14.11% %
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