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the red is incorrect ,please give me a correct answer Exercise 13-12 Your answer is partially correct. Try again. Pronghorn Corp experienced a fire on
the red is incorrect ,please give me a correct answer
Exercise 13-12 Your answer is partially correct. Try again. Pronghorn 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 $38,600 73,600 208,600 50,900 39,500 406,000 122,200 $18,000 129,600 183,900 89,900 60,900 406,000 106,000 Additional information 1. The inventory turnover is 4.2 times. 2. The return on common stockholders' equity is 22%. The company had no additional paid-in capital 3. The receivables turnover is 12.8 times. 4. The return on assets is 18%. 5. Total assets at December 31, 2016, were $610,300. Compute the following for Pronghorn Corp. (Round all answers to 0 decimal place, e.g. 2,150.)Step by Step Solution
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