Assets Liabilities & Stockholders' Equity 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$.0\mathrm{.}1234$ 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.$)$

Cash $ $115,000$ Notes payable $($due in $6$ months$)$ $ $43,000$

Accounts receivable $120,000$ Accounts payable $110,000$

Inventory $250,000$ Long$-$term liabilities $384,000$

Prepaid expenses $60,000$ Capital stock, $$5$ par $300,000$

Plant & equipment $($net$)570,000$ Retained earnings $368,000$

Other assets $90,000$

Total $ $1,205,000$ Total $ $1,205,000$

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$.0\mathrm{.}1234$ 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.$)$