End of Chapter Exercise 12.13 Xander Ltd experienced a fire on 30 June 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. Cash Receivables (net) Inventory Accounts payable Notes payable (non-current) Ordinary shares, $100 each Retained earnings 30 June 2016 $31,400 66,000 186,900 50,900 29,100 400,000 118,500 1 July 2015 $10,300 118,100 162,700 92,600 54,300 400,000 92,700 Additional information: 1. 2. 3. 4. The inventory turnover is 2.9 times. The return on ordinary shareholders' equity is 25%. Xander Ltd had no additional paid-up capital or reserves. The receivables turnover is 9.8 times. All sales are on credit. The return on assets is 13.5% (13.5 cents). Total assets at 30 June 2015 were $836,600. 5. Required Calculate the following for Xander Ltd: (a) (b) (c) (d) Cost of sales for 2016. Net sales for 2016. Profit for 2016. Total assets at 30 June 2016. (Round answers to 0 decimal places, e.g. 15,647.)