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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 Net income 2017 $ 5,800,000 3,080,000 306,300 1,639,000 $ 774,700 184,000 $ 590,700 270,400 320,300 2017 2016 $ 39,000 577,000 428,400 $ 1,044,400 2,769,000 $ 3,813,400 108,000 1,875,300 1,304,600 $ 3,287,900 7,724,000 $11,011,900 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 $ 307,200 514,000 $ 821,200 1,618,000 $ 2,439,200 $ 317,100 1,057, 100 $ 1,374,200 $ 3,813,400 $ 1,357,000 1,669,500 $ 3,026,500 6,671,500 $ 9,698,000 $ 317, 100 996,800 $ 1,313,900 $11,011,900 a. Inventory turnover ratio in 2017 b. Debt/equity ratio in 2017 c. Cash flow from operating activities in 2017 d. Average collection period days 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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