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a problem Home Insert Draw Design Layout References Mailings Review View Grammarly Q Tell me 13 Share 3 Comments la y X Anal v 135
\"a problem Home Insert Draw Design Layout References Mailings Review View Grammarly Q Tell me 13 Share 3 Comments la\" y X Anal v 135 v AA AV Aa v A l . v [B o AaBchDdEe AthCchEe Aa BchDc AaBch , V 3 Paste B I U v ab x x2 A v I v A v Normal No spacing Heading1 Heading: Styles Dictate Sensitivity Editor Open & 1 Pane Grammarly A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows. Assets Liabilities & Stockholders' Equity Notes payable (due in 6 Cash $ 113,000 months) $ 42,000 Accounts receivable 110,000 Accounts payable 102,000 Inventory 280,000 Longterm liabilities 355,000 Prepaid expenses 60,000 Capital stock, $5 par 300,000 Plant & . . equipment (net) 570,000 Retained earnings 424,000 Other assets 90,000 Total $1,223,000 Total $1,223,000 During the year the company earned a gross profit of $1,1 16,000 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. (1. Compute the debt ratio. (Round your percentage answers to nearest whole percent. 1; 0.1234- as 12%.) e. Compute the accounts receivable turnover (all sales were on credit). (Round your answer to 2 decimal places.) f. Compute the inventory turnover. (Round your answer to 2 decimal places.) g. Compute the book value per share of capital stock. (Round your answer to 2 decimal places.) Page 1 OH 200 words I]? English (United States) _='_= E -v+ 140%
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