Compute the following:

1) Quick ratio (Round your answer to 2 decimal places)

2) Accounts receivable turnover (Round your answer to 2 decimal places)

3) Inventory turnover (Round your answer to 2 decimal places)

Acondensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows: Assets Liabilities & Stockholders' Equity S 111,000 Notes payable (due in 6 months) Cash Accounts receivable Inventory Prepaid expenses Plant & equipment (net) Other assets 44,000 98,000 347,000 300,000 452,000 150,000 Accounts payab 260,000 Lgtrm liabilities le 60,000 Capital stock, $5 par 570,000 Retaied eamings 90,000 Tota $1,241,000 Total $ 1,241,000 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