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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 $ 5,690,000 2,985,000 295, 200 1,581,000 828,800 159,000 669,800 302,400 367,400 19. $ $ Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 2020 44,900 618,000 458,800 $ 1,121,700 2,932,000 $ 4,053,700 323,400 494,000 817,400 2,035,300 $ 2,852,700 $ 311,900 889, 100 1,201,000 $ $ 4,053,700 $ 2019 71,000 1,229, 300 855,100 $ 2,155,400 5,028,000 $ 7,183,400 $ 854,000 1,047,300 $ 1,901,300 4,188,500 $ 6,089,800 $ 311,900 781,700 $ 1,093,600 $ 7,183,400

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 $ 5,690,000 2,985,000 295, 200 1,581,000 828,800 159,000 669,800 302,400 367,400 19. $ $ Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 2020 44,900 618,000 458,800 $ 1,121,700 2,932,000 $ 4,053,700 323,400 494,000 817,400 2,035,300 $ 2,852,700 $ 311,900 889, 100 1,201,000 $ $ 4,053,700 $ 2019 71,000 1,229, 300 855,100 $ 2,155,400 5,028,000 $ 7,183,400 $ 854,000 1,047,300 $ 1,901,300 4,188,500 $ 6,089,800 $ 311,900 781,700 $ 1,093,600 $ 7,183,400

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 %
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 $ 5,690,000 2,985,000 295, 200 1,581,000 828,800 159,000 $ $ 669,800 302,400 $ 367,400 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 71,000 1,229,300 855,100 $ 1,121,700 2,932,000 $ 2,155,400 5,028,000 $ 4,053,700 $ 7,183,400 $ 2020 $ $ 44,900 $ 618,000 458,800 2019 2,035,300 2,852,700 311,900 889,100 $ 1,201,000 $ 4,053,700 323,400 $ 494,000 854,000 1,047,300 817,400 $ 1,901,300 4,188,500 $ 6,089,800 $ 311,900 781,700 $ 1,093,600 $ 7,183,400
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 $ 5,690,000 2,985,000 295, 200 1,581,000 828,800 159,000 $ $ 669,800 302,400 $ 367,400 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 71,000 1,229,300 855,100 $ 1,121,700 2,932,000 $ 2,155,400 5,028,000 $ 4,053,700 $ 7,183,400 $ 2020 $ $ 44,900 $ 618,000 458,800 2019 2,035,300 2,852,700 311,900 889,100 $ 1,201,000 $ 4,053,700 323,400 $ 494,000 854,000 1,047,300 817,400 $ 1,901,300 4,188,500 $ 6,089,800 $ 311,900 781,700 $ 1,093,600 $ 7,183,400
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