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Comparative fnancial statements for Weller Corporation merchandising company for the year anding December 31 appear below. The company did not issue any new common stock
Comparative fnancial statements for Weller Corporation merchandising company for the year anding December 31 appear below. The company did not issue any new common stock during the year. A total of 600.000 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 companys common stock at the end of this year was $21. All of the company's sales are on court Vier Corporation dollars in thousands This Year Last Year Cuore et Accounts receivable inoy 740 To contacts Property and equipment 9,900 9,900 Buildings and equipment.net Total property and equipment 578,372 $18,000 $19.000 Liabilities and Stockholders' Equity Currentlisbites Accounts payable Acerved liable Nos payable short to Total current 19,870 19,970 Bonds payable 9.80 29,670 29.770 Additional paid in capital 4.000 4.000 Ratings Total sockholders Total abilities and stockholders' equity Weer Corporation Comparative Income Sweet Record dolars in thousands This Year $77.000 Last Year 68.000 32 Cost of Cross margin Soring and administrative expenses Tolling and expenses TRECO 1200 come before Nem Dividends to common stocholders Net som de to retinemings Beginning the sings Ending retained earnings 36 182 544 102 18340 536,182 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 decimal places.) 2. Average 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 intermediate calculations and final answer to 2 decimal places.) 5. Operating cycle. (Round your intermediate calculations and final answer to 2 decimal places.) 6. Total asset turnover. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. days 3. Accounts receivable turnover Average collection period Inventory turnover Average sale period Operating cycle Total asset turnover 8.80 41.48 3.60 101.39 142.00 1.60 X days days 5. 6
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