Comparatwe financial statements for Weiler Corporation, a merchandising compacy, for the year ending December 37 appear bevow. The company did not ksue ary new common slock during the year. A total of 600,000 shates of common stock wele outstanding. The Interest rate on the bond payable was 108 , the income tax rate was 405 , and the dividend per share of commor stock wis 5075 last year and $0.40 this year. The make value of the compary's common stock at the end of this year was $27. All of the company's sales are on account. 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 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 company's common stock at the end of this year was $23. All of the company's sales are on account. Required: Compute the following financlal data for this year: 1. Accounts recelvable turnover. (Assume all sales are on account.) Note: Round your answer to 2 decimal places. 2. Average collection period. Note: Use 365 doys in o year. Round your intermediote calculations and final answer to 2 decimal places. 3. Invertory turnover: Note: Round your onswer to 2 decimal pleces. 4. Avrage sale perlod. Note: Use 365 doys in a yeor. Round your intermediate calculations and final answer to 2 decimal places. 5. Operating cycle. Note: Round your intermediate calculotions and final answer to 2 decimal places. 6. Totalasset tumover. Note: Round your answer to 2 decimal places. 1. Accounts receivable tumover. (Assume all sales are on account.) Note: Round your answer to 2 decimal places. 2. Average collection perlod. Note: Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places. 3. Inventory turnover. Note: Round your answer to 2 decimal places. 4. Average sale period. Note: Use 365 days in a yeor. Round your intermediate calculations and final answer to 2 decimal places. 5. Operating cycle. Note: Round your intermedinte calculations and final answer to 2 decimal places. 6. Total asset tumover. Note: Round your answer to 2 decimal places. Required: Comprite the following financlat data for this vear: 1. Accotints recelvable turnover. (Assume all sales are on account) Note: Round your answer to 2 decimal pleces. 2. Average collection period. Note: Use 365 doys in o yeor. Round your intermediate colculations and final answer to 2 decimal places. 3. Inventory turnover. Note: Round your answer to 2 decimal plnces. 4. Awerage sale perlod Note: Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places. 5. Operating cycle. Note: Round your intermedinte calculntions and final onswer to 2 decimal ploces. 6. Total asset turnover. Piequired: Couphate the following financial data for this year: 1. Accounts receivable turnover. (Assume all sales are on account.) Note: Round your answer to 2 decimal ploces. 2. Average collection period. Note: Use 365 days in a year. Round your intermediate calculations and finol answer to 2 decimel places. 3. Inventory turnover. Note: Round your answer to 2 decimol places. 4. Average sale period. Note: Use 365 days in o year. Round your intermediate calculations and final answer to 2 decimal places. 5. Operating cycle. Note: Round your intermediate calculations and final answer to 2 decimal ploces. 6. Total asset tumover. Note: Round your answer to 2 decimal ploces. (2) Answer is complete but not entirely correct. Whilinr Corporation Cocparative Balancen sheet (dallars in thousands) 2. This Last Year Year Asset: Current assets? Cash Accounts receivable, net Imventory Prepasd expenses Total current assets Property and equipment : Land Buildings and equipenent, net Total property and equipenent Total assets \begin{tabular}{rr} $1,090 & $1,360 \\ 10,500 & 7,000 \\ 12,600 & 11,600 \\ 750 & 510 \\ \hline 24,940 & 20,470 \\ \hline \end{tabular} Labilities and Steckholders' Equity 18,26010,200 \begin{tabular}{rr} 10,260 & 10,200 \\ 43,907 & 35,324 \\ \hline 54,197 & 45,524 \\ \hline \end{tabular} Current liabilities: 79,047$65,994 Accounts payable Accrued Liabilities Notes payable, short tere rotal current liabilities Long-tern liabilities? Bonds payable rotal liabilities Stockholders' equity: Conton stock Additional paid-n capital Total paid-in capital Retained earnings Total stockholders' equity $20,1001,020390$18,20979030019,290 Total Kiabilities and stockholders t equity \begin{tabular}{rr} 9,100 & 9,100 \\ \hline 39,520 & 28,390 \\ \hline \end{tabular} \begin{tabular}{rr} 600 & 600 \\ 4,000 & 4,600 \\ \hline 4,600 & 4,600 \\ 43,927 & 33,004 \\ \hline 45,527 & 37,604 \\ \hline 7 & $65,994 \\ \hline 79,647 & 56 \\ \hline \end{tabular}