Rees Company experienced a fire on December 31, 2025, in which its financial records were partially destroyed. It has been able to salvage some of the records and has ascertained the following balances.

Additional information:
1. The inventory turnover is 3.4 times.
2. The return on ordinary shareholders’ equity is 25%.
3. The accounts receivable turnover is 8.8 times.
4. The return on assets is 20%.
5. Total assets at December 31, 2024, were €650,000.
Instructions Compute the following for Rees Company.

a. Cost of goods sold for 2025.

b. Net sales (credit) for 2025.

c. Net income for 2025.

d. Total assets at December 31, 2025.
Compute ratios.

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December 31, 2025 Inventory 200,000 December 31, 2024 180,000 Accounts receivable (net) 73,000 126,000 Cash 30,000 10,000 Share capital ordinary, 100 par 400,000 400,000 Retained earnings 134,000 122,000 Accounts payable 50,000 90,000 Notes payable 30,000 60,000