A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows.

During the year the company earned a gross profit of $1,116,000 on sales of $2,950,000. Accounts receivable, inventory, and plant assets remained almost constant in amount throughout the year, so year-end figures may be used rather than averages.

Compute the following:
a. Current ratio.
b. Quick ratio.
c. Working capital.
d. Debt ratio.
e. Accounts receivable turnover (all sales were on credit).
f. Inventory turnover.
g. Book value per share of capital stock.

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Assets Cash... Accounts receivable. Inventory.... Prepaid expenses.. Plant & equipment (net) Other assets... Total.... Liabilities & Stockholders' Equity $ ….. $ 105,000 Notes payable 145,000 (due in 6 months). 270,000 Accounts payable.. 60,000 Long-term liabilities.. 570,000 Capital stock, $5 par. Retained earnings.. 90,000 $1,240,000 Total.... 40,000 110,000 360,000 300,000 430,000 $1,240,000