Question: 1.Cash flow from operating activities in 2017? 2.Operating profit margin? 3.Return on equity? 4.Net cash provided by operating activities? Problem 19-1 Use the financial statements
1.Cash flow from operating activities in 2017?
2.Operating profit margin?
3.Return on equity?
4.Net cash provided by operating activities?
Problem 19-1 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 & admin. expenses EBIT Interest expense Taxable income Taxes Net income 2017 $ 5,730,000 3,020,000 299, 200 1,602,000 $ 808,800 170,000 $ 638,800 289, 300 $ 349,500 2017 2016 $ 42,600 600,000 445,500 $ 1,088,100 2,861,000 $ 3,949, 100 $ 85,000 1,474,300 1,025,500 $ 2,584,800 6,043,000 $ 8,627,800 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 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 316, 400 498,000 $ 814,400 1,854,400 $ 2,668,800 $ 311,700 968, 600 $ 1,280, 300 $ 3,949,100 $ 1,042,000 1,279,500 $ 2,321,500 5,115,500 $ 7,437,000 $ 311,700 879,100 $ 1,190,800 $ 8,627,800
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