Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
![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 and administrative expenses
EBIT
Interest expense
Taxable income
Taxes
Net income
Balance Sheet, Year-End
Assets
Cash
Accounts receivable
Inventory
Total current assets i
Fixed assets
Total assets
Liabilities and Stockholders' Equity
Accounts payable
Short-term debt
Total current Liabilities.
Long-tern bonds
Total liabilities
2020
$ 5,630,000
2,936,000
289,400
1,550,000
$
S
$
854,600
138,000
716,600
320,300
396,300
Common stock
Retained earnings
Total stockholders' equity
Total liabilities and stockholders' equity
S
2020
48,400 S
649,000
481,800
$1,179,200 $1,634,600
3,060,000
3,793,000
$4,239,200
$5,427,600
$
2019
54,000
932,200
648,400
$ 336,400 $ 623,000
491,000
762,200
827,400
2,282,400
$3,109,800
$1,385,200
3,049,300
$4,434,500
$ 313,900 $ 313,988
679,208
815,500
$1,129,400 $ 993,108
$4,239,200
$5,427,600
Return to question](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5f4bdf09-d79d-4486-b045-adf743a6510d%2Fe03a16d9-28f1-4364-b121-5e4b04bb158a%2Ffyp0tpc_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 and administrative expenses
EBIT
Interest expense
Taxable income
Taxes
Net income
Balance Sheet, Year-End
Assets
Cash
Accounts receivable
Inventory
Total current assets i
Fixed assets
Total assets
Liabilities and Stockholders' Equity
Accounts payable
Short-term debt
Total current Liabilities.
Long-tern bonds
Total liabilities
2020
$ 5,630,000
2,936,000
289,400
1,550,000
$
S
$
854,600
138,000
716,600
320,300
396,300
Common stock
Retained earnings
Total stockholders' equity
Total liabilities and stockholders' equity
S
2020
48,400 S
649,000
481,800
$1,179,200 $1,634,600
3,060,000
3,793,000
$4,239,200
$5,427,600
$
2019
54,000
932,200
648,400
$ 336,400 $ 623,000
491,000
762,200
827,400
2,282,400
$3,109,800
$1,385,200
3,049,300
$4,434,500
$ 313,900 $ 313,988
679,208
815,500
$1,129,400 $ 993,108
$4,239,200
$5,427,600
Return to question
![9.
h. Return on equity
j. Compound leverage ratio
k. Net cash provided by operating activities
10 70
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5f4bdf09-d79d-4486-b045-adf743a6510d%2Fe03a16d9-28f1-4364-b121-5e4b04bb158a%2F62bvgo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:9.
h. Return on equity
j. Compound leverage ratio
k. Net cash provided by operating activities
10 70
%
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