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

 

Assets Liabilities & Stockholders' Equity
  Cash$100,000     Notes payable (due in 6 months)$43,000  
  Accounts receivable 130,000     Accounts payable 99,000  
  Inventory 250,000     Long-term liabilities 316,000  
  Prepaid expenses 60,000     Capital stock, $5 par  300,000  
  Plant & equipment (net) 570,000     Retained earnings 442,000  
  Other assets 90,000      
   
 Total$1,200,000     Total$1,200,000  
   

 

  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 places.)

 

     

b.Compute the quick ratio. (Round your answer to 2 decimal places.)

 

     

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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