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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

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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 volue of the company's common stock at the end of this year was $27. All of the company's sales are on account. Required: Compute the following financial data for this year: 1. Accounts recelvable turnover. (Assume that all sales are on account) (Round your answer to 2 decimal places.) 2. Averoge 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 sole period. (Use 365 days in a year, Round your intermediate calculations and final answer to 2 decimal places.) 5. Operating cycie. (Round your intermediate calculations and final answer to 2 decimal places.) 6. Total asset tumover. (Round your answer to 2 decimal places.) \begin{tabular}{|c|c|c|} \hline 1. Accounts receivable turnover & & \\ \hline 2. Average collection priod & 2 & days \\ \hline 3. Inventory turnover & & \\ \hline 4. Average sale period & & days \\ \hline 5. Operating cycle & & days \\ \hline 6. Total asset turnover & & \\ \hline \end{tabular}

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