ACCOUNTING

Acondensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows. Assets Cash Accounts receivable Inventory Prepaid expenses Plant & equipment (net) Other assets Total During the year, the company earned a gross prot 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 gures may be used rather than averages. 112,000 150,000 280,000 50,000 570,000 90,000 1,272,000 Liabilities & Stockholders Equity Notes payable (due in 6 months) is 42,000 Accounts payable 99,000 Longrterm liabilities 308,000 Capital stock, $5 par 300,000 Retained earnings 523,000 Total $ 1,272,000 a. Compute the current ratio. (Round your answer to 2 decimal place.) I}. 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%.) 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.) 9. Compute the book value per share of capital stock. (Round your answer to 2 decimal places.) a Current ratio to 1 b Quick ratio to 1 0 Working ea a Debt ratio ' _ ' . ' \"A: e Accountsr times 1. Inventory turnover times 5: Book value per share of capital stock