60.1K

Verified Solution

Link Copied!

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 2017 $ 5,760, eee 3,845, eee 302,580 1,628,888 $ 792,5ee 174,90 $ 618,500 281,300 $ 337,200 Net income 2017 2016 $ 41,100 599, eee 438, 189 $ 1,069,200 2,821, eee $ 3,890, 200 $ 95,000 1,648, 280 1,146,500 $ 2,889,700 6,771,800 $ 9,660,700 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 $ 312,400 5e5, eee $ 817,40e 1,733,888 $ 2,551,200 $ 313,989 1,025, 180 $ 1,339,000 $ 3,899,288 $ 1,176,880 1,445,500 $ 2,621,580 5,777,480 $ 8, 398, 980 $ 313,900 947,990 $ 1,261,880 $ 9,660,700 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 96

Answer & Explanation Solved by verified expert

See Answer