Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 365 days a year. Round all answers t 2 decimal places except $ amounts.) Income Statement Sales Cost of goods sold Depreciation Selling i admin. expenses EBIT Interest expense Taxable income Taxes Net income 2017 $ 5,600,000 2,907,000 286,200 1,533,000 $ 873,800 133,000 $ 740,800 330, 300 $ 410,500 2017 2016 $ 50,100 664,000 493,000 $ 1,207,100 3,122,000 $ 4,329,100 $ 44,000 759,400 528, 300 $ 1,331,700 3,084,000 $ 4,415, 700 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 $ 342,500 487,000 $ 829,500 2,490,000 $ 3,319,500 $ 313,800 695,800 $ 1,009,600 $ 4,329,100 $ 500,000 611,400 $1,111,400 2,445,200 $ 3,556,600 $ 313,800 545,300 $ 859, 100 $ 4,415,700 Total stockholders' equity Total liabilities and stockholders' equity UUU $ 1,009,600 $ 4,329,100 54 $ 85 $ 4,41 58 x Answer is complete but not entirely correct. a. 5.69 b. 3.29 C. $ d. 545,500 X 46.38 days 1.28 e. Inventory turnover ratio in 2017 Debt/equity ratio in 2017 Cash flow from operating activities in 2017 Average collection period Asset turnover ratio Interest coverage ratio Operating profit margin Return on equity Compound leverage ratio Net cash provided by operating activities f. g. h. 6.57 16.00 X % 11.00 X % 3.64 x 545,500 X j. k. $