A condensed balance sheet for Bradford Corporation prepared at the end of the year appears...

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Accounting

A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows.

Assets Liabilities & Stockholders' Equity
Cash $ 104,000 Notes payable (due in 6 months) $ 50,000
Accounts receivable 110,000 Accounts payable 81,000
Inventory 280,000 Long-term liabilities 361,000
Prepaid expenses 60,000 Capital stock, $5 par 300,000
Plant & equipment (net) 570,000 Retained earnings 422,000
Other assets 90,000
Total $ 1,214,000 Total $ 1,214,000

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.

a. 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.)

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