from ratios. E13.12 (LO 3), AN Panza Corporation experienced a fire on December 31, 2025, in...

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from ratios. E13.12 (LO 3), AN Panza Corporation 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 balances. December 31, 2025 December 31, 2024 Additional information: 1. The inventory turnover is 3.8 times. Cash $ 30,000 $ 10,000 Accounts receivable (net) 72,500 126,000 Inventory 200,000 180,000 Accounts payable 50,000 90,000 Notes payable 30,000 60,000 Common stock, $100 par Retained earnings 400,000 400,000 113,500 101,000 2. The return on common stockholders' equity is 22%. The company had no additional equity accounts. 3. The accounts receivable turnover is 11.2 times. 4. The return on assets is 18%. 5. Total assets at December 31, 2024, were $605,000. Instructions Compute the following for Panza Corporation. a. Cost of goods sold for 2025. b. Net credit sales for 2025. c. Net income for 2025. d. Total assets at December 31, 2025. Compute ratios. C from ratios. E13.12 (LO 3), AN Panza Corporation 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 balances. December 31, 2025 December 31, 2024 Additional information: 1. The inventory turnover is 3.8 times. Cash $ 30,000 $ 10,000 Accounts receivable (net) 72,500 126,000 Inventory 200,000 180,000 Accounts payable 50,000 90,000 Notes payable 30,000 60,000 Common stock, $100 par Retained earnings 400,000 400,000 113,500 101,000 2. The return on common stockholders' equity is 22%. The company had no additional equity accounts. 3. The accounts receivable turnover is 11.2 times. 4. The return on assets is 18%. 5. Total assets at December 31, 2024, were $605,000. Instructions Compute the following for Panza Corporation. a. Cost of goods sold for 2025. b. Net credit sales for 2025. c. Net income for 2025. d. Total assets at December 31, 2025. Compute ratios. C