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Santo Corporation experienced a fire on December 31, 2014 in which its financial records were partially destroyed. It has been able to salvage some of
Santo Corporation experienced a fire on December 31, 2014 in which its financial records were partially destroyed. It has been able to salvage some of the records and has balances certained the following December 31 Cash Accounts receivable $19.200 134,000 December 31 2014 $ 40,900 73,500 208,700 51,100 33,100 402,300 121,800 Inventory Accounts payable Notes payable Common stock, $100 185,500 402,300 Retained emings 104,500 Additional information: 1. The inventory turnover is 4.5 times 2. The return on common stockholders' quity 21. The company had no additional paid in capital 3. The receivables turnover 12.5 times 4. The return on assets is 17 5. Total assets at December 31, 2013, were $613,300 Compute the following for Santa Corporation (pound all answers to (a) Cost of goods sold for 2014 (b) Net credit sales for 2014 (c) Net income for 2014 (d) Total assets at December 31, 2014 Click if you would like to show Work for this questions on Show UNE TO TEXT
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