Exercise 14-3 (Algo) Financial Ratios for Asset Management [LO14-3] Comparative 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 yeac. 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 yeat. The market value of the company's common stock at the end of this year was $28. All of the company's sales are on account. Total liabilities and atockholders" equity 582,714 \$ 65,971 Requifed: Compute the following financial 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 period, (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) 3. Ifventory turnover. (Round your answer to 2 decimal places.) 4. Average sale period. (Use 365 days in a year. Round your intermediate caiculations 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.)