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all the answers are wrong please help me find the right one Comparative financial statements for Weller Corporation, a merchandising company for the year ending
all the answers are wrong
Comparative financial statements for Weller Corporation, a merchandising company for the year ending December 31 appear below. The company did not issue any new common stock during the year A total of 600,000 shares of common stock were outstanding The interest rate on the bonds which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was 3040 this year The market value of the company's common stock at the end of the year was $26. All of the company's sales are on account Welier Corporation Comparative Balance Sheet (dollars in thousands This Year Last Year Assets Current assets Cash $ 1.220 $ 1,380 Accounts receivable, net 10.900 8.000 Inventory 12.500 10,800 Prepaid expenses 760 540 Total current assets 25,380 20,720 Property and equipment Land Buildings and equipment, net 10.600 49.524 10,600 38 598 49,198 Total property and equipment Total assets 60.124 585,504 $69.918 99,90 Total assets $85,504 $69,918 $19,500 $17.500 950 840 190 190 20,640 18,530 9,200 9,200 Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities Bonds payable Total liabilities Stockholders' equity Common stock Additional paid-in capital Total paid in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 29,840 27730 600 4,000 600 4,000 4,600 51,064 4,600 37,588 55,664 42,188 $85,504 $69,918 Welier Corporation Comparative Income Statement and Reconciliation (dollars in thousands This Year Last Year Sales $85.050 $65000 Cost of goods sold 44270 36,000 Gross margin 40 780 29,000 10.600 6.400 10.500 6,000 17 000 16,500 23.780 920 12.500 920 Selling and administrative expenses Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 22.860 9.144 11.580 4.632 13,716 240 5,948 500 13.476 37.588 6,348 31 240 551,064 $37,588 Required: Compute the following financial data for this year 1 Accounts receivable turnover (Assume that all sales are on account (Round your answer to 2 decimal places Accounts receive mover 225 2 Avermae collection period (Use 365 days in a year. Round your intermediate calculations and final answer 2 ) were collection period 10222 days 3 Inventory turnover (Round your answer to 2 decimal places) 0.95 4 Average period. Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places) Wie sou brios 384 21 day 5. Operating cyce Round your intermediate calculations and final answer to decimal places Doente 54643 days 6 Tolumover Round your answer to decimal places 027 please help me find the right one
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