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Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 3 1 appear below. The company did not issue any new
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December appear below. The company did not issue any new common stock during the year. A total of shares of common stock were outstanding. The Interest rate on the bond payable was the Income tax rate was and the dividend per share of common stock was $ last year and $ thls year. The market value of the company's common stock at the end of thls year was $ All of the company's sales are on account.
Required:
Compute the following financial data for this year:
Accounts recelvable turnover. Assume that all sales are on accountRound your answer to decimal places.
Average collection period. Use days in a year. Round your intermediate calculations and final answer to decimal places
Inventory tumover. Round your answer to decimal places.
Averago sale period. Whe days in a year. Round your intermedtate calculations and final answer to decimal places
Operating eycle Round your intermediate calculations and final answer to dectmat places.
Total asct turnover. Round your anfiwer to decimal places.
Aspounts ieceivable turnover
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