A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows: Cash Accounts receivable Inventory Prepaid expenses Assets Plant and equipment (net) Other assets Total $ 105,000 145,000 Liabilities & Stockholders' Equity Notes payable (due in 6 months) Accounts payable $ 40,000 110,000 220,000 Long-term liabilities 360,000 60,000 570,000 Capital stock, $6 par Retained earnings 300,000 430,000 140,000 $ 1,240,000 Total $ 1,240,000 Required: 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. Note: Round your answer to 1 decimal place. b. Compute the quick ratio. Note: Round your answer to 1 decimal place. c. Compute the working capital. d. Compute the debt ratio. Note: Round your percentage answer to the nearest whole percent. i.e. 0.1234 as 12%. e. Compute the accounts receivable turnover (all sales were on credit). Note: Round your answer to 1 decimal place. f. Compute the inventory turnover. Note: Round your answer to 1 decimal place. g. Compute the book value per share of capital stock. Note: Round your answer to 2 decimal places. a. Current ratio b. Quick ratio c. Working capital d. Debt ratio e. Accounts receivable turnover f. Inventory turnover g. Book value per share of capital stock 3.5 to 1 1.7 to 1 $ 380,000 41% 20.3 times times