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Easi Corporation experienced a fire on December 31, 2016, in which its financial records were partially destroyed. It has been able to salvage some of

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Easi Corporation experienced a fire on December 31, 2016, in which its financial records were partially destroyed. It has been able to salvage some of the records and has ascertained the following balances. Additional information: 1. The inventory turnover is 3.6 times 2. The return on common stockholders' equity is 22%. The company had no additional paid-in capital 3. The receivables turnover is 9.4times 4. The return on assets is 16% 5. Total assets at December 31, 2015 were $605,000. Instructions Compute the following for Easi Corporation: (a) Cost of goods sold for 2016 (b) Net sales for 2016 (c)Net income for 2016 d)Total assets at December 31, 2016

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