Exerclse 14.12 (Algo) Computing Ratlos (LO14-7) A condensed balance sheet for Bradford Corporation prepared at...
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Exerclse 14.12 (Algo) Computing Ratlos (LO14-7) A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows. During the year the company earned a gross profit of $1,116,000 on sales of $2,950,000. Accounts recelvable, Inventory, and plan assets remained almost constant in amount throughout the year, so year-end figures may be used rather than averages. a. Compute the current ratlo. (Round your answer to 2 decimal place.) b. Compute the quick ratio. (Round your answer to 2 decimal place.) c. Compute the working capltal. d. Compute the debt ratto. (Round your percentage answers to nearest whole percent. 1.e. 0.1234 as 12%.) e. Compute the accounts recelvable tumover (all sales were on credlt). (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 capltal stock. (Round your answer to 2 decimal places.)
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Exerclse 14.12 (Algo) Computing Ratlos (LO14-7) A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows. During the year the company earned a gross profit of $1,116,000 on sales of $2,950,000. Accounts recelvable, Inventory, and plan assets remained almost constant in amount throughout the year, so year-end figures may be used rather than averages. a. Compute the current ratlo. (Round your answer to 2 decimal place.) b. Compute the quick ratio. (Round your answer to 2 decimal place.) c. Compute the working capltal. d. Compute the debt ratto. (Round your percentage answers to nearest whole percent. 1.e. 0.1234 as 12%.) e. Compute the accounts recelvable tumover (all sales were on credlt). (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 capltal stock. (Round your answer to 2 decimal places.) 