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A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows Assets Liabilities & Stockholders' Equi Cash Accounts receivable
A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows Assets Liabilities & Stockholders' Equi Cash Accounts receivable Inventory Prepaid expenses Plant & equipment (net) Other assets Total $117,000 Notes payable (due in 6 months) 44,000 83,800 368,800 , 442,800 120,000 Accounts payable 280,000 Long-term liabilities Capital stock, $5 par 60,000 90,000 $ 1,237,000 570,000 Retained earnings Total $ 1,237,800 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 place.) b. Compute the quick ratio. (Round your answer to 2 decimal place.) c. Compute the working capital d. Compute the debt ratio. (Round your percent e. Compute the accounts receivable turnover (all sales were on credit) (Round your answer to 2 decimal age answers to nearest whole percent. le. 01234 as 12%) ute 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.)
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