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 Net income 2020 $ 5,640,000 2,943,000 290,300 1,555,000 $ 851,700 141,000 $ 710, 700 318,300 $ 392,400 2020 2019 $ 47,900 646,000 479,600 $ 1,173,500 3,049,000 $ 4,222,500 $ 59,000 1,019,300 709,000 $ 1,787,300 4,152,000 $ 5,939,300 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 $ 335,200 493,000 $ 828,200 2,213,600 $ 3,041,800 $ 314,600 866,100 $ 1,180,700 $ 4,222,500 $ 687,000 840,500 $ 1,527,500 3,363,500 $ 4,891,000 $ 314,600 733,700 $ 1,048,300 $ 5,939,300 Answer is complete but not entirely correct. a. 4.95 b. 2.58 C. Inventory turnover ratio in 2020 Debt/equity ratio in 2020 Cash flow from operating activities in 2020 Average collection period Asset turnover ratio $ 586,100 X 53.91 d. days e. 1.11 f. 6.04 g. 15.10 X % h. Interest coverage ratio Operating profit margin Return on equity Compound leverage ratio Net cash provided by operating activities 35.21 x % 4.14 X j. k. $ 727,100 X