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CALCULATOR PRINTER VERSION BACK Exercise 13-12 Monty Corp. experienced a fire on December 31, 2020, in which its financial records were partially destroyed. It has

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CALCULATOR PRINTER VERSION BACK Exercise 13-12 Monty Corp. experienced a fire on December 31, 2020, in which its financial records were partially destroyed. It has been able to selvage some of the records and that certained the following balances December 31 December 31, 2020 2019 Cash $ 40,900 $18,100 Accounts receivable (net) 74,500 126,200 Inventory 205,900 181,600 Accounts payable 52,200 93,500 Notes payable 37,300 65.200 Common stock, 5100 par 402,800 402,800 Retained earnings 116,000 106,900 Additional Information 1. The inventory turnover is 4.3 times. 2. The return on common stockholders' equity is 21% The company had no additional paid.in capita. 3. The receivables turnover is 12.2 times 4. The return on assets is 17%. 5. Total assets at December 31, 2019, were $606,700, Compute the following for Monty Corp. (Round all answers to decimal places, c.9. 2,150.) (a) Cost of goods sold for 2020 (1) Net credit sales for 2020 (c) Net Income for 2020 (d) Total assets at December 31, 2020

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