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h. Return on equity J. Compound leverage ratio k. Net cash provided by operating activities %

h. Return on equity J. Compound leverage ratio k. Net cash provided by operating activities %

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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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
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 %
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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