A condensed balance sheet for Bradford Corporation prepared on 31 December 2019 appears as follows. Bradford manufactures fashion products. Assets Liabilities & Stockholders' Equity Cash $ 105,000 Notes payable (due in 6 months) $ 40,000 Accounts receivable 145,000 Accounts payable 110,000 Inventory 270,000 Long-term liabilities 360,000 Prepaid expenses 60,000 Capital stock, $5 par 300,000 Plant & equipment (net) 570,000 Retained earnings 430,000 Other assets 90,000 Total $1.240.000 Total $1.240.000 During the year the company earned a gross profit of $1,116,000 on sales of $2,950,000 (25% are cash sales), with net income of $460,000. Accounts receivable, inventory, capital stock and plant assets remained almost constant in amount throughout the year, so year-end figures for these items may be used rather than averages. Retained earnings as at 31 December 2018 were $140,000 On 31 December 2019 Bradford's shares are trading at $12 per share. Required: 1. Compute the following all answers should be expressed with 2 decimal places): a. Current ratio. 6. Quick ratio. C. PE ratio. d. Debt ratio (to be expressed in %). e. Accounts receivable turnover. f Inventory turnover. g. Dividend yield (to be expressed in %). h. Return on equity (to be expressed in %). (20 marks) 2. Comment on Bradford's PE ratio, suppose the average PE ratio for the fashion industry is 3.5 times. (4 marks)