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 2020 Sales Cost of goods sold Depreciation $ 5,670,000 2,967,000 293,200 selling and administrative expenses 1,570,000 EBIT 3 239,200 Interest expense 151,000 Taxable income 3 638,200 Taxes 310,500 Net income $ 378,300 Balance Sheet, Year-End 2020 2019 Assets Cash $ Accounts receivable 45,200 $ 632,000 469,200 67,000 1,159,200 206,300 Inventory Total current assets Fixed assets $ 1,147,400 $ 2,032,500 2,993,000 4,737,000 Total assets $ 4,140,400 $ 6,769,500 Liabilities and Stockholders' Equity Accounts payable $ $ 329,500 498,000 Short-term debt 796,000 975,300 $1,771,100 3,901,400 Total current liabilities $ Long-term bonds 2,097,800 Total liabilities $ Connon stock $ 2,925,300 315,200 $ 899,900 $ 5,672,700 315,200 781,600 Retained earnings Total stockholders' equity $ 1,215,100 $ 1,096,200 Total liabilities and stockholders' equity $ 4,140,400 $ 6,769,500 Inventory turnover ratio in 2020 Debtequity ratio in 2020 Cash flow from operating activities in 2020 Average collection period Asset turnover ratio Interest coverage ratio Operating profit margin Return on equity Compound leverage ratio Net cash provided by operating activities a. b. d. e. 1. 9- h. J- K. Answer is complete but not entirely correct. 4.65 2.41 $ 1,069,300 57.65 days 1.04 5.56 14.81 % 31.13 % 3.87 $ 1,069,300