Please answer part c, g, h, k. Thank you. Use the financial statements of...
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Please answer part c, g, h, k. Thank you.
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 $ 5,810,000 3,089,000 307,300 1,644,000 $ 769, 700 186,000 583,700 267,200 $ 316,500 $ 2017 2016 $ 38,500 572,000 424,700 $ 1,035,200 2,750,000 $ 3,785,200 $ 110,000 1,910,500 1,329,100 $ 3,349,600 7,871,000 $11,220,600 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 RA $ 305, 300 514,000 $ 819,300 1,601,500 $ 2,420,800 $ 316,600 1,047,800 $ 1,364,400 $ 3,785,200 $ 1,387,000 1,706,300 $ 3,093,300 6,819,400 $ 9,912,700 $ 316,600 991,300 $ 1,307,900 $11,220,600 3.52 1.77 a. Inventory turnover ratio in 2017 b. Debt/equity ratio in 2017 C. Cash flow from operating activities in 2017 d. Average collection period 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 77.98 days 0.77 4.14 % % 4.26
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