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the balance sht for Bryan Corp is shown below .Sales for the year were 3,040,000with 75 percent of sales on credit. Cash 50,000 Liabilities /Stockholders

the balance sht for Bryan Corp is shown below .Sales for the year were 3,040,000with 75 percent of sales on credit.

Cash 50,000 Liabilities /Stockholders

Account Receivable 280,000 Accounts payable 220,000

Inventory 240,000 Accured taxes 80,000

Bonds (long term) 118.000

Common stock 100,000 Compute the following ratios

Plant and equipment 380,000 paid in capital 150,000 a)Current ratio b) Quick ratio c)Debt to total assets ratio d)Asset turnover period

total assets 950,000 retaining earnings 282,000 e)Average collection period.

total liablitiies 950,000

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