Question

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 receivable, inventory, and plant assets remained almost constant in amount throughout the year.
Compute the following:
a. Current ratio.
b. Quick ratio.
c. Working capital.
d. Debt ratio.
e. Accounts receivable turnover (all sales were on credit).
f. Inventory turnover.
g. Book value per share of capitalstock.


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  • CreatedApril 17, 2014
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