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Check my work 3 A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows. Assets iabilities & Stockholders
Check my work 3 A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows. Assets iabilities & Stockholders Equity Cash Accounts receivable Inventory Prepaid expenses Plant & equipment (net) Other assets Total 189,88 Notes payable (due in 6 months) 46,0ee 113,8e8 348,888 3ee,8e8 48e,8e8 10 118,8e8 268,8e0 60,800 57e,888 98,8e8 $ 1,199,808 Accounts payable Long-term liabilities Capital stock, $5 par Retained earnings points eBook Total $ 1,199,8e8 During the year, the company earned a gross profit of $1,116,000 on sales of $2,950,000. Accounts recelvable, Inventory, and plant assets remalned almost constant In amount throughout the year, so year end figures may be used rather than averages. Print a. Compute the current ratio. (Round your answer to 2 declmal place.) b. Compute the quick ratio. (Round your answer to 2 declmal place.) c. Compute the working capltal. d. Compute the debt ratio. (Round your percentage answers to nearest whole percent. 1.e.0.1234 as 1296) e. Compute the accounts recelvable turnover (all sales were on credit). (Round your enswer to 2 declmal places.) f. Compute the Inventory turnover. (Round your answer to 2 declmal places.) g. Compute the book value per share of capltal stock. (Round your answer to 2 declmal places.) a. Current rati b.Quick ratio c. Working capital d. Debt ratio e. Accounts receivable turnover f. Inventory turnover g. Book value per share of capital stock 3.39 to 1 1.38 to 1 42 % times times
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