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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 $ 5,710,000 3,001,000 297,400 1,593,000 $ 818,600 164,000 $ 654,600 296,500 $ 358,100 Net income 2017 2016 $ 43,700 607,000 450, 700 $ 1,101,400 2,887,000 $ 3,988,400 $ 79,000 1,369,500 952,600 $ 2,401,100 5,606,000 $ 8,007,100 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 $ 319,200 494,000 $ 813,200 1,927,000 $ 2,740, 200 $ 310, 700 937,500 $ 1,248, 200 $ 3,988, 400 $ 961,000 1,179,500 $ 2,140,500 4,716,500 $ 6,857,000 $ 310, 700 839, 400 $ 1,150, 100 $ 8,007,100 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 $ 5,710,000 3,001,000 297,400 1,593,000 $ 818,600 164,000 $ 654,600 296,500 $ 358,100 Net income 2017 2016 $ 43,700 607,000 450, 700 $ 1,101,400 2,887,000 $ 3,988,400 $ 79,000 1,369,500 952,600 $ 2,401,100 5,606,000 $ 8,007,100 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 $ 319,200 494,000 $ 813,200 1,927,000 $ 2,740, 200 $ 310, 700 937,500 $ 1,248, 200 $ 3,988, 400 $ 961,000 1,179,500 $ 2,140,500 4,716,500 $ 6,857,000 $ 310, 700 839, 400 $ 1,150, 100 $ 8,007,100 g. 14.34 X % h. 29.86 X % Operating profit margin Return on equity Compound leverage ratio Net cash provided by operating activities j. k
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