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Comparative financial statements for Weller Corporation, a merchandising companyfor the year ending December 3 1 appear below. The company did not issue any new common
Comparative financial statements for Weller Corporation, a merchandising companyfor 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 turnover NoteRound 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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