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 Fixed assets Total assets Liabilities and Stockholders' Equity Accounts payable Short-term debt Total current liabilities Long-term bonds Total liabilities 2020 $5,720,000 3,010,000 298, 200 1,597,000 $ $ $ 814,800 167,000 647,800 293,500 354,300 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 2020 $ $ $ 1,095,700 2,876,000 $ 3,971,700 43,200 $ 81,000 604,000 1,404,300 448,500 976,800 $ 2,462,100 5,752,000 $ 8,214,100 318,300 496,000 814,300 1,913,700 $ 2,728,000 311,400 932,300 $ 2019 $ 1,243,700 $ 3,971,700 $ 990,000 1,215,300 $ 2,205,300 4,859,400 $ $ 7,064,700 311,400 838,000 $ 1,149,400 $ 8,214,100
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 Fixed assets Total assets Liabilities and Stockholders' Equity Accounts payable Short-term debt Total current liabilities Long-term bonds Total liabilities 2020 $5,720,000 3,010,000 298, 200 1,597,000 $ $ $ 814,800 167,000 647,800 293,500 354,300 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 2020 $ $ $ 1,095,700 2,876,000 $ 3,971,700 43,200 $ 81,000 604,000 1,404,300 448,500 976,800 $ 2,462,100 5,752,000 $ 8,214,100 318,300 496,000 814,300 1,913,700 $ 2,728,000 311,400 932,300 $ 2019 $ 1,243,700 $ 3,971,700 $ 990,000 1,215,300 $ 2,205,300 4,859,400 $ $ 7,064,700 311,400 838,000 $ 1,149,400 $ 8,214,100
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
![a. Inventory turnover ratio in 2020
b. Debt/equity ratio in 2020
c. Cash flow from operating activities in 2020
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
%
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff1fd60a6-e122-44a6-b63f-53f11d7f8fb8%2Fab6c1eb1-6204-473c-8571-899dab91afc5%2Ftsl5n3_processed.png&w=3840&q=75)
Transcribed Image Text:a. Inventory turnover ratio in 2020
b. Debt/equity ratio in 2020
c. Cash flow from operating activities in 2020
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
%
%
![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
Fixed assets
Total assets
Liabilities and Stockholders' Equity
Accounts payable
Short-term debt
Total current liabilities
Long-term bonds
Total liabilities
2020
$ 5,720,000
3,010,000
298, 200
1,597,000
$
$
$
814,800
167,000
647,800
293,500
354,300
Common stock
Retained earnings
Total stockholders' equity
Total liabilities and stockholders' equity
$
$
2020
$ 1,095,700
2,876,000
$ 3,971,700
318,300
496,000
814,300
1,913,700
$ 2,728,000
$
$
43,200 $ 81,000
604,000 1,404,300
448,500
976,800
$ 2,462,100
5,752,000
$ 8,214,100
2019
311,400 $
932,300
$ 1,243,700
$ 3,971,700
$ 990,000
1,215,300
$ 2,205,300
4,859,400
$ 7,064,700
311,400
838,000
$ 1,149,400
$ 8,214,100](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff1fd60a6-e122-44a6-b63f-53f11d7f8fb8%2Fab6c1eb1-6204-473c-8571-899dab91afc5%2Fena87y6_processed.png&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
Fixed assets
Total assets
Liabilities and Stockholders' Equity
Accounts payable
Short-term debt
Total current liabilities
Long-term bonds
Total liabilities
2020
$ 5,720,000
3,010,000
298, 200
1,597,000
$
$
$
814,800
167,000
647,800
293,500
354,300
Common stock
Retained earnings
Total stockholders' equity
Total liabilities and stockholders' equity
$
$
2020
$ 1,095,700
2,876,000
$ 3,971,700
318,300
496,000
814,300
1,913,700
$ 2,728,000
$
$
43,200 $ 81,000
604,000 1,404,300
448,500
976,800
$ 2,462,100
5,752,000
$ 8,214,100
2019
311,400 $
932,300
$ 1,243,700
$ 3,971,700
$ 990,000
1,215,300
$ 2,205,300
4,859,400
$ 7,064,700
311,400
838,000
$ 1,149,400
$ 8,214,100
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![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
Fixed assets
Total assets
Liabilities and Stockholders' Equity
Accounts payable
Short-term debt
Total current liabilities
Long-term bonds
Total liabilities
2020
$ 5,720,000
3,010,000
298, 200
1,597,000
$
$
$
814,800
167,000
647,800
293,500
354,300
Common stock
Retained earnings
Total stockholders' equity
Total liabilities and stockholders' equity
$
$
-es
$ 1,095,700
2,876,000
$ 3,971,700
2020
318,300
496,000
814,300
1,913,700
$ 2,728,000
$
43,200 $
604,000
448,500
$
311,400
932,300
$ 1,243,700
$ 3,971,700
2019
81,000
1,404,300
976,800
$ 2,462,100
5,752,000
$ 8,214,100
$ 990,000
1,215,300
$ 2,205,300
4,859,400
$ 7,064,700
311,400
838,000
$
$ 1,149,400
$ 8,214,100](https://content.bartleby.com/qna-images/question/f1fd60a6-e122-44a6-b63f-53f11d7f8fb8/b804c9fe-6142-41ee-9a2b-8d3cb6ecf3b7/lxxupto_thumbnail.png)
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
Fixed assets
Total assets
Liabilities and Stockholders' Equity
Accounts payable
Short-term debt
Total current liabilities
Long-term bonds
Total liabilities
2020
$ 5,720,000
3,010,000
298, 200
1,597,000
$
$
$
814,800
167,000
647,800
293,500
354,300
Common stock
Retained earnings
Total stockholders' equity
Total liabilities and stockholders' equity
$
$
-es
$ 1,095,700
2,876,000
$ 3,971,700
2020
318,300
496,000
814,300
1,913,700
$ 2,728,000
$
43,200 $
604,000
448,500
$
311,400
932,300
$ 1,243,700
$ 3,971,700
2019
81,000
1,404,300
976,800
$ 2,462,100
5,752,000
$ 8,214,100
$ 990,000
1,215,300
$ 2,205,300
4,859,400
$ 7,064,700
311,400
838,000
$
$ 1,149,400
$ 8,214,100
![a.
b.
C.
d.
e.
f.
g.
h.
Inventory turnover ratio in 2020
Debt/equity ratio in 2020
Cash flow from operating activities in 2020
Average collection period
Asset turnover ratio
Interest coverage ratio
Operating profit margin
Return on equity
X Answer is not complete.
j. Compound leverage ratio
k.
Net cash provided by operating activities
$
4.22
2.19
590,100 X
64.07
0.93
4.87
6.19 X %
%
days](https://content.bartleby.com/qna-images/question/f1fd60a6-e122-44a6-b63f-53f11d7f8fb8/b804c9fe-6142-41ee-9a2b-8d3cb6ecf3b7/cg7w7v_thumbnail.png)
Transcribed Image Text:a.
b.
C.
d.
e.
f.
g.
h.
Inventory turnover ratio in 2020
Debt/equity ratio in 2020
Cash flow from operating activities in 2020
Average collection period
Asset turnover ratio
Interest coverage ratio
Operating profit margin
Return on equity
X Answer is not complete.
j. Compound leverage ratio
k.
Net cash provided by operating activities
$
4.22
2.19
590,100 X
64.07
0.93
4.87
6.19 X %
%
days
Solution
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