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Use the financial statements of Helfer Sports Inc. to find the Information below for Helfer. (Use 365 days a year. Round all answers to 2
Use the financial statements of Helfer Sports Inc. to find the Information below for Helfer. (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 S 2017 5, 610,000 2, 917,000 287, 300 1, 539,000 866, 700 134,000 732, 700 327, 300 405, 400 $ S 2017 2016 $ $ $ 49,500 658,000 488,500 1, 196,000 3,098,000 4, 294, 000 $ 47,000 811, 200 564, 300 1, 422,500 3,296,000 4.718, 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 carnings Total stockholders' equity Total liabilities and stockholders' equity $ S $ 340, 300 488,000 828,300 2, 414, 200 3, 242, 500 313,500 738,000 1, 051, 500 4.294,000 $ 536,000 655,200 S 1, 191, 200 2,621, 200 $ 3, 812,400 S 313, 500 592, 600 $ 906, 100 $ 4,718, 500 S S $ --- j. Compound leverage ratio
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