10.00 points Use the financial statements of Heifer Sports Inc. in Table 14.14 to find...

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10.00 points Use the financial statements of Heifer Sports Inc. in Table 14.14 to find the folowing: (Use 365 days a year. Round all answers to 2 decimal places except $ amounts) a. Inventory turnover ratio in 2015 b. DebVequity talio n 2015 c. Cash flow from operating activities in 2015 d. Average collection porod e. Asset turmover ratio f. Interest coverage ratio g Operating profit margin. h. Return on equity I. Compound leverage ratio TABLE 14.14 Heifer Sports financial statements 2015 Income statement $5,500,000 2,850,000 280,000 1,500,000 $ 870,000 130,000 $ 740,000 330,000 S 410,000 Sales Cost of goods sold Depreciation Selling & administrative expenses EBIT Interest expense Taxable income Taxes Net income 2014 2015 Balance sheet, year-end Assets Cash Accounts receivable Inventory S 40,000 690,000 480,000 $1,210,000 2.800,000 $4,010,000 $ 50,000 660,000 490,000 $1.200,000 3.100,000 $4,300,000 Total current assets Fixed assets Total assets Liabilities and shareholders' equity Accounts payable Short-term debt $ 450,000 550,000 $1,000,000 2.200,000 $3.200,000 $ 310,000 500,000 810,000 $4,010.000 340,000 480,000 $ 820,000 2,520,000 $3,340,000 $ 310,000 650,000 $ 960,000 $4,300,000 Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total shareholders' equity Total liabilities and shareholders' equity

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