Exercise 14.12 Computing Ratios (LO14-7) A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows. Cash Accounts receivable Inventory Assets Liabilities & Stockholders' Equity Notes payable (due in 6 months) $ Accounts payable Long-term liabilities 113,000 140,000 290,000 Prepaid expenses 60,000 Capital stock, $5 par Plant & equipment (net) 570,000 Retained earnings Other assets 90,000 Total $ 1,263,000 Total 41,000 108,000 304,000 300,000 510,000 1,263,000 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. t 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.) e Accounts receivable turnover f Inventory turnover g Book value per share of capital stock times times