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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:
tableAssetsLiabilities & Stockholders' EquityCash$Notes payable due in monthsAccounts receivable,Accounts payable,InventoryLongterm liabilities,Prepaid expenses,Capital stock, $ par,Plant and equipment netRetained earnings,Other assets,Total,Total$$
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 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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