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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
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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