Question: Exercise 13-12 coeport cor experienced a fire on December 31, 2022, in which des financial records were partially destroyed. It has been able to setvnoe
Exercise 13-12 coeport cor experienced a fire on December 31, 2022, in which des financial records were partially destroyed. It has been able to setvnoe some of the records and has uncertained the following balances Cash Accounts receivable (net) Inventory Accounts payable Notes payable Common stock, $100 par Retained earnings Additional information December 31, 2022 $31,300 76,100 201,600 53,000 32,900 410,400 121,700 December 31 2021 $14,500 135,400 188,800 98.600 64,500 410,400 105,200 1. The inventory turnover is 4.2 times 2 The return on common stockholders' equity is 18%. The company had no additional paid-in capital 3. The receivables turnover is 13.2 times. 4. The return an assets is 16% 5. Total assets at December 31, 2021, were $612,500 Compute the following for Bridgeport Comp. (Hound all answers to decimal place, 6.0.2,150.) (a) Cost of goods sold for 2022 $ (b) Net credit sales for 2022 $ (c) Net income for 2022. (d) Total assets at December 31, 2022
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
