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 500.000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stack was $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of the year was $22. All of the company's sales are on account Waller Corporation Comparative Balance Sheet (dollars in thousands) This Tear Last Year Current ts: Caal $ 1,260 Accounts receivable, set 300 7,600 Inventory 12, BD 12,200 Prepaid expenses 110 550 Total current stats Property and equipment: Land 1,400 2.400 Buildings and equipment, set $4,561 40,667 Total property and equipment Total auta Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 11,400 $ 16,100 Accrued liabilities 980 750 Notas payable, hort term 240 240 Total current liabilities 19, Long-term liabilities: Honda payable 3,300 Total liabilities 2172 203 Stockholders' equity Commen steek SDD 500 Additional paid-in capital Total paid in capital tasarning Total stockholders' equity Total liabilities and stockholders' equity Waller Corporation Comparative In Statuent and Reconciliation dollars in thousands This Year Last year 5.370 $ 64,DDD Coat of goods wold 33, DDD Gross margin Selling and administrative expenses: Selling expenses 10,200 Administrative expenses Total selling and dinistrative expenses Slet operating income Interest super 930 Set income before taken 13,3YU Income taxes 2,236 5,348 Set income Dividends to con stokholders Set income added to retained earninga TR Beginning retained earnings 38,383 31.340 Teding retained earnings 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.) 2. Average collection period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) 3. Inventory turnover. (Round your answer to 2 decimal places.) 4. Average sale period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) 5. Operating cycle. (Round your intermediate calculations and final answer to 2 decimal places.) 6. Total asset turnover (Round your answer to 2 decimal places.) days 1. Accounts receivable tumover 2. Average collection period 3. Inventory tumover 4. Average sale period 5. Operating cycle 6. Total asset tumover days 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 500.000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stack was $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of the year was $22. All of the company's sales are on account Waller Corporation Comparative Balance Sheet (dollars in thousands) This Tear Last Year Current ts: Caal $ 1,260 Accounts receivable, set 300 7,600 Inventory 12, BD 12,200 Prepaid expenses 110 550 Total current stats Property and equipment: Land 1,400 2.400 Buildings and equipment, set $4,561 40,667 Total property and equipment Total auta Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 11,400 $ 16,100 Accrued liabilities 980 750 Notas payable, hort term 240 240 Total current liabilities 19, Long-term liabilities: Honda payable 3,300 Total liabilities 2172 203 Stockholders' equity Commen steek SDD 500 Additional paid-in capital Total paid in capital tasarning Total stockholders' equity Total liabilities and stockholders' equity Waller Corporation Comparative In Statuent and Reconciliation dollars in thousands This Year Last year 5.370 $ 64,DDD Coat of goods wold 33, DDD Gross margin Selling and administrative expenses: Selling expenses 10,200 Administrative expenses Total selling and dinistrative expenses Slet operating income Interest super 930 Set income before taken 13,3YU Income taxes 2,236 5,348 Set income Dividends to con stokholders Set income added to retained earninga TR Beginning retained earnings 38,383 31.340 Teding retained earnings 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.) 2. Average collection period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) 3. Inventory turnover. (Round your answer to 2 decimal places.) 4. Average sale period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) 5. Operating cycle. (Round your intermediate calculations and final answer to 2 decimal places.) 6. Total asset turnover (Round your answer to 2 decimal places.) days 1. Accounts receivable tumover 2. Average collection period 3. Inventory tumover 4. Average sale period 5. Operating cycle 6. Total asset tumover days
