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A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows: Assets Liabilities & Stockholders' Equity Cash $ 1
A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows:
Assets Liabilities & Stockholders' Equity
Cash $ Notes payable due in months $
Accounts receivable Accounts payable
Inventory Longterm liabilities
Prepaid expenses Capital stock, $ par
Plant and equipment net Retained earnings
Other assets
Total $ Total $
Required:
During the year, the company earned a gross profit of $ on sales of $ Accounts receivable, inventory, and plant assets remained almost constant in amount throughout the year, so yearend figures may be used rather than averages.
Compute the current ratio.
Note: Round your answer to decimal place.
Compute the quick ratio.
Note: Round your answer to decimal place.
Compute the working capital.
Compute the debt ratio.
Note: Round your percentage answer to the nearest whole percent. ie as
Compute the accounts receivable turnover all sales were on credit
Note: Round your answer to decimal place.
Compute the inventory turnover.
Note: Round your answer to decimal place.
Compute the book value per share of capital stock.
Note: Round your answer to decimal places.
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