Exercise 14-3 (Algo) Financial Ratios for Asset Management [LO14-3] Comparative financial statements for Woller 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 cutstanding. 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 $29. All of the company/s sales are on account. Required: 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 finat answer to 2 decimal places.) 3. Inventory turnover, (Round your answer to 2 decimal places.) 4. Average sale period. (Use 365 days in a year, Round your intermediate calculations and final answes to 2 decimal places.) 5. Operating cycle. (Round your intermediate calculations and final answer to 2 decimal placis) 6. Total asset fumover. (Round your answer to 2 decimal places.)