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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 and administrative expenses EBIT Interest expense Taxable income Taxes Net income 2020 $ 5,790,000 3,071,000 305,500 1,635,000 $ 778,500 181,000 $ 597,500 273,500 $ 324,000 2020 2019 39,500 579,000 429,900 $ 1,048, 400 2,778,000 $ 3,826,400 $ 104,000 1,805, 200 1,255,800 $ 3, 165,000 7,432,000 $10,597,000 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 $ 308,300 511,000 $ 819,300 1,648,500 $ 2,467,800 $ 315,900 1,042,700 $ 1,358, 600 $ 3,826,400 $ 1,302,000 1,601,200 $ 2,903, 200 6,399,200 $ 9,302,400 $ 315,900 978, 700 $ 1,294,600 $10,597,000 days a. Inventory turnover ratio in 2020 b. Debt/equity ratio in 2020 c. Cash flow from operating activities in 2020 d. Average collection period e. Asset turnover ratio 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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