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Problem 19-1 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.) $ 2017 5,780,000 3,062,000 384,500 Income Statement Sales Cost of foods sold Depreciation Selling & admin. expenses EBIT Interest expense Taxable income Net income 783,500 179,00 624,500 276,203 328.300 $ 2017 2016 40,000 582,000 432,100 $ 1,054,100 2,788,000 $ 3,842,100 $ 100,000 1.735.500 1,207,300 $ 3,042,869 7,140,000 $ 10,182,800 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 $ 309,200 500,000 817,200 1,688,600 $ 2,505,800 314,800 1,021,500 $ 1,336,300 $ 3,842,100 $ 1,248,000 1,534,300 $ 2,782,300 6,132,500 $ 8,914,800 $ 314,800 953,200 $ 1,268,000 $ 10,182,800 days 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

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