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December 31, 2019 December 31, 2018 Cash Accounts receivable (net) Inventory Accounts payable Notes payable Common stock, $100 par Retained earnings $ 32,200 81,000 203,400
December 31, 2019 December 31, 2018 Cash Accounts receivable (net) Inventory Accounts payable Notes payable Common stock, $100 par Retained earnings $ 32,200 81,000 203,400 55,100 39,700 401,600 119,200 $ 15,800 127,900 186,000 94,100 69,300 401,600 103,200 Additional information: 1. The inventory turnover is 6.0 times. 2. The return on common stockholders' equity is 21%. The company had no additional paid-in capital. 3. The receivables turnover is 12.3 times. 4. The return on assets is 19%. 5. Total assets at December 31, 2018, were $609,200. Compute the following for Cheyenne Corp.. (Round all answers to 0 decimal places, e.g. 2,150.) (a) Cost of goods sold for 2019. (b) Net credit sales for 2019. (c) Net income for 2019. (d) Total assets at December 31, 2019
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