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

Question:

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

A condensed balance sheet for Bradford Corporation prepared at the

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.
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 capital stock.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...