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Comporative finsnciol statements for Weller Corporation, 8 merchandising compony, for the year ending December 31 appesr below. The compony did not issue any new common

image text in transcribedimage text in transcribed Comporative finsnciol statements for Weller Corporation, 8 merchandising compony, for the year ending December 31 appesr below. The compony did not issue any new common stock during the yesr. A totel of 600,000 shares of common stock were outstonding. The interest rate on the bond paybble was 10%, the income tox rote wos 40%, and the dividend per share of common stock was $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 $24. All of the compeny's sales are on account. Required: Compute the following financial data and ratios for this year: 1. Working capitol. (Enter your answer In thousands.) 2. Current ratio. (Round your answer to 2 decimal places.) 3. Acid-test ratio. (Round your answer to 2 declmal places.) Comparative financial statements for Weller Corporation, a merchandising compony, for the year ending December 31 appesr below. The compony did not issue any new common stock during the year. A totel of 600,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tox 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 compeny's common stock at the end of this year was $21. All of the company's sales ore on sccount. Required: Compute the following fins cisl dats for this year: 1. Accounts receivable turnover. (Assume that all sales are on account.) (Round your answer to 2 decimal places.) 2. Averoge collection period. (Use 365 days In a year. Round your Intermedlate calculations and final answer to 2 decimal places.) 3. Inventory tumover. (Round your answer to 2 decimal places.) 4. Averoge sale period. (Use 365 days In a year. Round your Intermediate calculations and final answer to 2 decimal places.) 5. Operating cycle. (Round your Intermedlate calculatlons and final answer to 2 decimal places.) 6. Totel usset tumover. (Round your answer to 2 decimal places.)

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