1) The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the year ended December 31, 2015:

Cash and cash equivalents, Jan. 1	$	35,800
Cash and cash equivalents, Dec. 31		256,500
Cash paid to acquire plant assets		21,000
Proceeds from short-term borrowing		10,000
Loans made to borrowers		4,000
Collections on loans (excluding interest)		4,000
Interest and dividends received		38,700
Cash received from customers		915,000
Proceeds from sales of plant assets		9,000
Dividends paid		41,000
Cash paid to suppliers and employees		602,000
Interest paid		19,000
Income taxes paid		69,000
Using this information, prepare a statement of cash flows under direct method. (List any deduction in cash and cash outflows as negative amounts.)

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

Assets				Liabilities & Stockholders' Equity
Cash	$	113,000		Notes payable (due in 6 months)	$	47,000
Accounts receivable		110,000		Accounts payable		98,000
Inventory		280,000		Long-term liabilities		374,000
Prepaid expenses		60,000		Capital stock, $5 par		300,000
Plant & equipment (net)		570,000		Retained earnings		404,000
Other assets		90,000
Total	$	1,223,000		Total	$	1,223,000

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.

a.	Compute the current ratio. (Round your answer to 2 decimal places.)

b.	Compute the quick ratio. (Round your answer to 2 decimal places.)

e.	Compute the accounts receivable turnover (all sales were on credit). (Round your answer to 2 decimal places.)

f.	Compute the Inventory turnover. (Round your answer to 2 decimal places.)

g.	Compute the book value per share of capital stock. (Round your answer to 2 decimal places.)

d.	Compute the debt ratio. (Round your percentage answers to nearest whole percent. i.e. 0.1234 as 12%.)

c.	Compute the working capital.

Statement of Cash Flows For the Year Ended December 31, 2015 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: Cash flows from financing activities: Cash and cash equivalents, January 1, 2015 Cash and cash equivalents, December 31, 2015