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Cash Dulance sheet for Bradford Corporation prepared at the end of the year appears as follows. Accounts receivable Assets $112,000 130,000 Liabilities & Stockholders' Equity
Cash Dulance sheet for Bradford Corporation prepared at the end of the year appears as follows. Accounts receivable Assets $112,000 130,000 Liabilities & Stockholders' Equity Notes payable (due in 6 months) Accounts payable Long-term liabilities Inventory Prepaid expenses Plant & equipment (net) 4:25) Other assets Total ces 270,000 60,000 570,000 Capital stock, $5 par Retained earnings 90,000 $1,232,000 Total $ 45,000 107,000 350,000 300,000 430,000 $1,232,000 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. 0.1234 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.) a Current ratio b. Quick ratio C d. Working capital Debt ratio e. Accounts receivable turnover If Inventory turnover to 1 to 1 % times times
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