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 $5,750,000 3,036,000 301,400 1,614,000 $ 798,600 173,000 $ 625,600 284,500 $ 341,100 Balance Sheet, Year-End Assets Cash Accounts receivable Inventory Total current assets Fixed assets Total assets Liabilities and shareholders' equity Accounts payable Short-term debt Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 2023 $ 41,600 592,000 439,600 $ 1,073,200 2,827,000 $ 3,900,200 $ 313,300 501,000 $ 814,300 1,783,800 $2,598,100 $ 312,500 989,600 $ 1,302,100 2022 $ 90,000 1,561,400 1,086,100 $2,737,500 6,410,000 $ 9,147,500 $ 1,110,000 1,364,200 $ 2,474,200 5,452,300 $ 7,926,500 $ 312,500 908,500 $ 1,221,000 $ 3,900,200 $ 9,147,500 a. Inventory turnover ratio in 2023 b. Debt/equity ratio in 2023 c. Cash flow from operating activities in 2023 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 days % %
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 $5,750,000 3,036,000 301,400 1,614,000 $ 798,600 173,000 $ 625,600 284,500 $ 341,100 Balance Sheet, Year-End Assets Cash Accounts receivable Inventory Total current assets Fixed assets Total assets Liabilities and shareholders' equity Accounts payable Short-term debt Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 2023 $ 41,600 592,000 439,600 $ 1,073,200 2,827,000 $ 3,900,200 $ 313,300 501,000 $ 814,300 1,783,800 $2,598,100 $ 312,500 989,600 $ 1,302,100 2022 $ 90,000 1,561,400 1,086,100 $2,737,500 6,410,000 $ 9,147,500 $ 1,110,000 1,364,200 $ 2,474,200 5,452,300 $ 7,926,500 $ 312,500 908,500 $ 1,221,000 $ 3,900,200 $ 9,147,500 a. Inventory turnover ratio in 2023 b. Debt/equity ratio in 2023 c. Cash flow from operating activities in 2023 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 days % %
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
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Transcribed Image Text: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
$5,750,000
3,036,000
301,400
1,614,000
$ 798,600
173,000
$ 625,600
284,500
$ 341,100
Balance Sheet, Year-End
Assets
Cash
Accounts receivable
Inventory
Total current assets
Fixed assets
Total assets
Liabilities and shareholders' equity
Accounts payable
Short-term debt
Total current liabilities
Long-term bonds
Total liabilities
Common stock
Retained earnings
Total shareholders' equity
Total liabilities and shareholders' equity
2023
$ 41,600
592,000
439,600
$ 1,073,200
2,827,000
$ 3,900,200
$ 313,300
501,000
$ 814,300
1,783,800
$2,598,100
$ 312,500
989,600
$ 1,302,100
2022
$ 90,000
1,561,400
1,086,100
$2,737,500
6,410,000
$ 9,147,500
$ 1,110,000
1,364,200
$ 2,474,200
5,452,300
$ 7,926,500
$ 312,500
908,500
$ 1,221,000
$ 3,900,200 $ 9,147,500
a. Inventory turnover ratio in 2023
b. Debt/equity ratio in 2023
c. Cash flow from operating activities in 2023
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
days
%
%
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