Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 365 day 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 $ 5,650,000 2,950,000 291, 200 1,560, 000 848, 800 146,000 702, 800 315, 400 $ 387, 400 a. Inventory turnover ratio in 2020 b. Debt/equity ratio in 2020 c. Cash flow from operating activities in 2020 $ $ Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity. $ 47, 300 640,000 475, 100 $1,162, 400 3, 024, 000 $4, 186, 400 $ $ $ 2020 3,030, 600 313, 800 842, 000 1,155, 800 $ $ 4,186, 400 $ 332, 500 493, 000 825, 500 2, 205, 100 2019 60, 000 1,037, 500 721, 700 $ 1,819, 200 4, 231,000 $ 6,050, 200 $ 705, 000 863, 300 $ 1,568, 300 3,453, 500 $ 5,021,800 $ 313, 800 714, 600 $1,028, 400 $ 6,050, 200

Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 365 day 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 $ 5,650,000 2,950,000 291, 200 1,560, 000 848, 800 146,000 702, 800 315, 400 $ 387, 400 a. Inventory turnover ratio in 2020 b. Debt/equity ratio in 2020 c. Cash flow from operating activities in 2020 $ $ Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity. $ 47, 300 640,000 475, 100 $1,162, 400 3, 024, 000 $4, 186, 400 $ $ $ 2020 3,030, 600 313, 800 842, 000 1,155, 800 $ $ 4,186, 400 $ 332, 500 493, 000 825, 500 2, 205, 100 2019 60, 000 1,037, 500 721, 700 $ 1,819, 200 4, 231,000 $ 6,050, 200 $ 705, 000 863, 300 $ 1,568, 300 3,453, 500 $ 5,021,800 $ 313, 800 714, 600 $1,028, 400 $ 6,050, 200

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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