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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Assets Liabilities & Stockholders' Equity Cash .ann. . Accounts receivable. Inventory Prepaid expenses Plant & equipment (net) . Other assets . .. . - .. -.. Total 95,000 155,000 270,000 Accounts payable . .. Notes payable (due in 6 months) .. 40,000 110,000 360,000 300,000 430,000 $1,240,000 60,000 Long-te rm liabilities.. . 570,000 Capital stock, $5 par 90,000 Retained earnings $1,240,000 Total ..