A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows. Assets Cash Accounts receivable Inventory Prepaid expenses Plant & equipment (net) Other assets Total $ 115,000 140,000 Liabilities & Stockholders' Equity Notes payable (due in 6 months) $ 46,000 270,000 60,000 Accounts payable Long-term liabilities Capital stock, $5 par 100,000 329,000 300,000 570,000 Retained earnings 470,000 90,000 $1,245,000 Total $1,245,000 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 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 percentage answers to nearest whole percent. i.e. 0.1234 as 12%.) 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.) Answer is complete but not entirely correct. a. Current ratio b. Quick ratio C. Working capital d. Debt ratio 4.01 to 1 1.75 to 1 $ 439,000 30% e. Accounts receivable turnover 21.07 times f. Inventory turnover 6.79 times g. Book value per share of capital stock $ 12.83