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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 $ 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

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter17: Financial Statement Analysis
Section: Chapter Questions
Problem 1FSA: Financial statement analysis The financial statements for Nike, Inc., are presented in Appendix D at...
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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 $ 5,720,000 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
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
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
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
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