a. Inventory turnover ratio in 2023
b. Debt/equity ratio in 2023
c. Cash flow from operating activities in 2023
d. Average collection period days
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
Required: Use the financial statements of Heifer Sports Incorporated to find the information below for Heifer. Note:Use 365 days a year Do not round intermediate calculations.Round all answers to 2 decimal places except $ amounts and Round Average collection period to 1 decimal place.
Income Statement Sales Cost of goods sold Depreciation Selling and administrative expenses EBIT Interest expense Taxable income Taxes Net income
2023
$5,820,000 3,097,000 308,200 1,649,000 $765,800 189,000 $576,800 264,500 $ 312,300
Balance Sheet, Year-End Assets Cash Accounts receivable Inventory Total current assets Fixed assets
2023
2022
$38,000 568,000 421,700 $1,027,700 2.732.000
$114,000 1,980,400 1,377,700 3,472,100 8,163,000
Total assets
$3,759,700
11,635,100
Liabilities and shareholders' equity Accounts payable Short-term debt Total current liabilities Long-term bonds
$303,400 $1,441,000 516,000 1,773,500 $ 819,400 $3,214,500 1,554,600 7,087,200
Total liabilities
$2,374,000
10,301,700 $ 316,800 $316,800 1,068,900 1,016,600 $1,385,700 $1,333,400
Common stock Retained earnings Total shareholders' equity
Total liabilities and shareholders' equity
$3,759,700
11,635,100
