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What are the answers to the last four questions? Problem 19-1 Use the financial statements of Heifer Sports Inc. to find the Information below for
What are the answers to the last four questions?
Problem 19-1 Use the financial statements of Heifer 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 6 admin. expenses EBIT Interest expense Taxable income Taxes Net income 2017 $ 5,700,000 2,994,000 296,500 1,588,000 821,500 160,000 $ 661,500 299,500 s 362,000 $ 2017 2016 $ 44,200 610,000 452,900 $ 1,107, 100 2,898,000 $ 4,005, 100 s 75,000 1,299,500 903, 900 $ 2,278,400 5, 318,000 $ 7,596,400 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 $ $ 320,500 494,000 $ 814,500 1,960,000 $ 2,774,500 $ 311,000 919,600 $ 1,230, 600 $ 4,005, 100 907,000 1, 112,300 $ 2,019,300 4,448,500 $ 6,467,800 311,000 817,600 $ 1,128,600 $ 7,596,400 s Answer is not complete. a. 4.41 b. 2.25 c. $ 1,212,500 81.14 d. days e. 0.98 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. 5.13 14.41 x % 9. h. % j. kStep by Step Solution
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