Exercise 14-3 Financial Ratios for Asset Management (LO14-3] Comparative francial statemenas for Weler Coeporation a merchandiling company for the year ending December 31 appesi below. The compary dad not issue arr new common stock during the yeac A botar of 500,000 sharei of common stock were oidsthnding. The interest rave on the bond phyoble was tox, the income tax rate was 40%, and the dividend per thare of common stock wor 5075 loit year and 5040 this yeat. The market value of the companys common stock at the end of the year was 527 . All of the companys sales are on account. Required: Compute the following financial data for this year: 1. Accounts recevable surnover (Assume that all sales ace on account) (Round your answer to 2 decimal ploces.) 2. Average colection period. (Use 365 days in a year, Round your latermediate calculations and final answer to 1. Aventory tuenover. (Hound your answer to 2 decimal places.) 4. Average sale period, (Use 365 days in a year, Pound your intermediate calculatons and final answer to 2 decimal places) 6. Total asset fuenevet (Round your anwwer to 2 decimal places.) Exercise 14-3 Financial Ratios for Asset Management [LO14-3] 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 500,000 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 the year was $27. All of the company's sales are on account