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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 $ this year. The market value of the company's common stock at the end of this year was $ All of the company's sales
are on account.
Required:
Compute the following financial data for this year:
Accounts receivable turnover. Assume all sales are on account.
Note: Round your answer to decimal places.
Average collection period.
Note: Use days in a year. Round your intermediate calculations and final answer to decimal places.
Inventory tumover.
Note: Round your answer to decimal places.
Average sale period.
Note: Use days in a year. Round your intermediate calculations and final answer to decimal places.
Operating cycle.
Note: Round your intermediate calculations and final answer to decimal places.
Total asset turnover.
Note: Round your answer to decimal places.
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