Exercise 13-12 Novak Corp. experienced a fire on December 31, 2017, in which its financial records were partially destroyed. It has been able to salvage some of the records and has ascertained the following balances. December 31, 2017 December 31, 2016 Cash Accounts receivable (net) Inventory Accounts payable Notes payable Common stock, $100 par Retained earnings Additional information: 38,700 81,300 208,000 51,100 32,200 403,900 120,000 $20,200 127,000 190,200 97,900 65,200 403,900 101,600 1. The inventory turnover is 4.8 times. 2. The return on common stockholders' equity is 20%. The company had no additional paid-in capital 3. The receivables turnover is 12.7 times. 4. The return on assets is 16%. 5. Total assets at December 31, 2016, were $607,900 Compute the following for Novak Corp.. (Round all answers to O decimal place, e.g. 2,150.) (a) Cost of goods sold for 2017. (b) Net credit sales for 2017. (c) Net income for 2017. (d) Total assets at December 31, 2017. s