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Assets Liabilities & Stockholders' Equity $ 91,000 Notes payable (due in 6 48, 000 Cash months) Accounts receivable Inventory Prepaid expenses Plant & equipment (net)

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Assets Liabilities & Stockholders' Equity $ 91,000 Notes payable (due in 6 48, 000 Cash months) Accounts receivable Inventory Prepaid expenses Plant & equipment (net) Other assets Total 100,000 343,000 300,000 400,000 110,000 Accounts payable 270,000 Long-term liabilities 60,000 Capital stock, $5 par 570,000 Retained earnings 90,000 $1,191,000 Total During the year, the company earned a gross profit of $1,116,000 on sales of $2,950,000. Accounts receivabi assets remained almost constant in amount throughout the year, so year-end figures may be used rather thar 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 debtratio (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 pla 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.) a Current ratio b Quick ratio to 1 to 1 Working capital d Debt ratio e Accounts receivable turnover f Inventory turnover g Book value per share of capital stock times times

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