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Bridgeport Corp.experienced a fire on December 31, 2020, in which its financial records were partially destroyed. It has been able to salvage some of the
Bridgeport Corp.experienced a fire on December 31, 2020, in which its financial records were partially destroyed. It has been able to salvage some of the records and has ascertained the following balances December 31, 2020 December 31, 2019 Cash $31,300 $ 14,500 Accounts receivable (net) 76,100 135.400 Inventory 201,800 188,800 Accounts payable 53,800 98,600 Notes payable 32.900 64,500 410,400 410,400 Common stock. $100 par Retained earnings 121,700 105,200 Additional information: 1 The inventory turnover is 4.2 times 2 The return on common stockholders' equity is 18%. The company had no additional paid-in capital. 3. The receivables turnover is 13.2 times 4 The return on assets is 16% 5. Total assets at December 31, 2019, were 5612.500 Additional information: 1. The inventory turnover is 4.2 times. 2. The return on common stockholders' equity is 18%. The company had no additional paid-in capital. 3. The receivables turnover is 13.2 times. 4. The return on assets is 16%. 5. Total assets at December 31, 2019, were $612,500. Compute the following for Bridgeport Corp. (Round all answers to o decimal places, e.g. 2.150.) (a) Cost of goods sold for 2020 (b) Net credit sales for 2020. (c) Net income for 2020. (d) Total assets at December 31, 2020. $
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