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Lingenfelter Corporation experienced a fire on December 31, 2017, in which its financial records were partially destroyed. It has been able to salvage some of

Lingenfelter Corporation 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$ 30,000$ 16,000

Accounts receivable (net)74,500130,000

Inventory195,000176,000

Accounts payable45,00091,000

Notes payable28,00061,000

Common stock, $100 par401,000401,000

Retained earnings120,000106,500

Additional information:

1.The inventory turnover is 3.0 times.

2.The return on common stockholders equity is 29%. The company had no additional paid-in capital.

3.The accounts receivable turnover is 7.7 times.

4.The return on assets is 12.5%.

5.Total assets at December 31, 2016, were $598,000.

Compute the following for Lingenfelter Corporation. (Round answers to 0 decimal places, e.g. 5,275.)

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