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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 31 appear below. The company did not issue any new common stock during the year. A total of 700,000 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 stock was $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $22. All of the company's sales are on account.
Required:
Compute the following financial data for this year:
Accounts receivable turnover. (Assume that all sales are on account)(Round your answer to 2 decimal places.)
Average collection period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.)
Inventory turnover. (Round your answer to 2 decimal places.)
Average sale period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.)
Operating cycle. (Round your intermedlate calculations and final answer to 2 decimal places.)
Total asset turnover. (Round your answer to 2 decimal places.)
\table[[1. Accounits receivabile tumover,,],[2. Average collection period,,days],[3. Invegtory tumover,,],[4. Average sale period,,],[5. Operating cycle,days,],[6. Total asset tumover,,]]
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