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How do I figure E. and F. I have done all of the other parts and they are correct but I can't get the correct
How do I figure E. and F. I have done all of the other parts and they are correct but I can't get the correct answer on those 2.
Uvutage viewer Google Forms - US Boone County Sign... Columbia Water 8 mework Saved A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows. Assets Cash Accounts receivable Inventory Prepaid expenses Plant & equipment (net) Other assets Total 111, oee 150, eee 290,000 60, eee 570, Dee 90, eee 1,271,000 Liabilities & Stockholders' Equity Notes payable (due in 6 months) 5 47,000 Accounts payable 84,000 Long-term liabilities 344,000 Capital stock, $5 par 300,eee Retained earnings 496, eee $ T otal $ 1,271,00 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 2. 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.) 4.66 to 1 1.99 to 1 199 a. Current ratio b. Quick ratio Working capital d. Debt ratio e Accounts receivable turnover f. Inventory turnover 9. Book value per share of capital stocks 480.000 37% times times 13.27Step by Step Solution
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