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A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows: table [ [ Assets , Liabilities &

A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows:
\table[[Assets,Liabilities & Stockholders' Equity],[Cash,$100,000,Notes payable (due in 6 months),],[Accounts receivable,120,000,Accounts payable,],[Inventory,270,000,Long-term liabilities,102,000],[Prepaid expenses,60,000,Capital stock, $6 par,345,000],[Plant and equipment (net),570,000,Retained earnings,300,000],[Other assets,90,000,Total,416,000],[Total,$1,210,000,$1,210,000,]]
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.
Compute the following:
A. Current ratio.
B. Quick ratio.
C. Working capital.
D. Debt ratio.
E. Accounts receivable turnover (all sales were on credit).
F. Inventory turnover.
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