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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 stack during the year. A total of shares of common stock were cutstanding. The
interest rate on the bond payable was the income tax rate was and the dividend per share of common stack 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 recelvable turnower. Assume that al saies are on accountRound your answer to decimal places.
Awerage collection period. Use days in a year. Round your intermediate calculations and final answer to decimal places.
Inventory tumower. Round your answer to decimal places.
Average sale period. Use days in a year. Round your intermedlate calculations and final answer to decimal places.
Operating cycle. Round your intermediate calculations and final answer to decimal places.
Total asset tumaver. Round your answer to decimal places.
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