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 Taxes Net income 2017 $ 5,760,000 3,045,000 302,500 1,620,000 $ 792,500 174,000 $ 618,500 281,300 $ 337,200 2017 2016 $ 41,100 590,000 438,100 $ 1,069,200 2,821,000 $ 3,890,200 $ 95,000 1,648, 200 1,146,500 $ 2,889,700 6,771,000 $ 9,660,700 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 $ 312,400 505,000 $ 817,400 1,733,800 $ 2,551,200 $ 313,900 1,025,100 $ 1,339,000 $ 3,890, 200 $ 1,176,000 1,445,500 $ 2,621,500 5,777,400 $ 8,398,900 $ 313,900 947,900 $1,261,800 $ 9,660, 700 Answer is not complete. a. 3.84 b. 1.91 Inventory turnover ratio in 2017 Debt/equity ratio in 2017 Cash flow from operating activities in 2017 Average collection period C. d. 70.92 days e. Asset turnover ratio 0.85 f. 4.55 % g. h. Interest coverage ratio Operating profit margin Return on equity Compound leverage ratio Net cash provided by operating activities % j. k