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Comparative financial stetements for Weller Corporation, a merchandising compeny, for the year ending December 31 appear below. The company did not issue any new common
Comparative financial stetements for Weller Corporation, a merchandising compeny, 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 paysble was 10\%, the income tox rate was 40%, and the dividend per share of common stock wos $0.75 last year and $0.40 this year. The market value of the compeny's common stock at the end of this year was $28. All of the company's sales are on account. 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 declmal 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 sale period. (Use 365 days In a year. Round your Intermedlate calculatlons and final answer to 2 declmal places.) 5. Operoting cycle. (Round your Intermediate calculatlons and final answer to 2 declmal places.) 6. Total asset turnover. (Round your answer to 2 decimal places.)
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