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A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows. sta Cash Accounts receivable Inventory Prepaid expenses Plant

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A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows. sta Cash Accounts receivable Inventory Prepaid expenses Plant equipment (net) Other assets Total 5 91.000 130,000 260,000 60,000 570,000 90,000 $1,201,000 Liabilities & Stockholders Equity Notes payable (due in 6 months) $ 41,000 Accounts payable 96.000 Long-term Habilities 389,000 Capital stock, 55 par 300,000 Retained earnings 375,000 Total $1,201,000 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%.) . Compute the accounts receivable turnover (all sales were on credit). (Round your answer to 2 decimal places.) 1. Compute the inventory turnover. (Round your answer to 2 decimal places.) 9. Compute the book value per share of capital stock. (Round your answer to 2 decimal places.) 3.95 to 1 1.61 to 1 b C d. Current ratio Quick ratio Working capital Debt ratio Accounts receivable turnover Inventory turnover Book value per share of capital stock % times e. times 9

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