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Comparatlve financlal statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not Issue any new common
Comparatlve financlal 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 value of the company's common stock at the end of this year was $25. All of the company's sales are on account. Required: Compute the following financlal data for this year: 1. Accounts recelvable turnover. (Assume that all sales are on account.) (Round your answer to 2 decimal places.) 2. Average collection perlod. (Use 365 days in a year. Round your Intermedlate calculations and flnal answer to 2 decimal places.) 3. Inventory turnover. (Round your answer to 2 decimal places.) 4. Average sale perlod. (Use 365 days In a year. Round your Intermedlate calculations and final answer to 2 decimal places.) 5. Operating cycle. (Round your Intermedlate calculations and final answer to 2 decimal places.) 6. Total asset turnover. (Round your answer to 2 decimal places.)
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