Brisbane Ltd experienced a flood on 30 June 2021 in which its financial records were partially destroyed. It has been able to salvage some of the records and has ascertained the following balances. 30 June 2021 1 July 2020 Accounts payable 100 000 180 000 Notes payable (non-current) 60 000 120 000 Ordinary shares, $100 each 800 000 800 000 Retained earnings 227 000 202 000 Cash $60 000 $20 000 Receivables (net) 145 000 252 000 Inventory 400 000 360 000

Additional information:

(i) The return on assets is 12.5% (12.5 cents).

(ii) Total assets on 30 June 2020 were $805 000.

(iii)The inventory turnover is 3.6 times.

(iv) The return on ordinary shareholders’ equity is 22%. Brisbane Ltd had no additional paid-up capital or reserves.

(v) The receivables turnover is 9.4 times. All sales are on credit.

Required:

(a) Calculate the Brisbane Ltd.’s cost of sales at 30 June 2021.

(b) Calculate the Brisbane Ltd.’s net sales at 30 June 2021

(c) Calculate the Brisbane Ltd.’s profit at 30 June 2021

(d) Calculate the Brisbane Ltd.’s total assets at 30 June 2021.