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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 & admin. expenses EBIT Interest expense Taxable income Taxes 2017 $ 5,830,000 3,105,000 309, 200 1,654,000 S $ 761,800 192,000 $ 569,800 261,300 S 308,500 Net income 2017 2016 $ $ 37,500 566,000 420,200 $ 1,023,700 2,725,000 $ 3,748, 700 $ 119,000 2,067,300 1,438,200 $ 3,624,500 8,524,000 $12,148,500 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 $ 303,500 521,000 $ 824,500 1,508,700 $ 2,333,200 $ 319,000 1,096,500 $ 1,415,500 $ 3,748, 700 $ 1,508,000 1,856,300 $ 3,364,300 7,417,200 $10,781,500 $ 319,000 1,048,000 $ 1,367,000 $12, 148,500 Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 824,500 1,508,700 $ 2,333,200 $ 319,000 1,096,500 $ 1,415,500 $ 3,748,700 $ 3,364,300 7,417,200 $10,781,500 $ 319,000 1,048,000 $ 1,367,000 $12,148,500 ! a. Inventory turnover ratio in 2017 b. Debt/equity ratio in 2017 c. Cash flow from operating activities in 2017 d. Average collection period e. Asset turnover ratio days % f. Interest coverage ratio g. Operating profit margin h. Return on equity j. Compound leverage ratio k. Net cash provided by operating activities %
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