help please?
Comparative nancial 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 bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the company's common stock at the end of the year was $23. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands} This Year Last Year Assets Current assets: Cash $ 1,280 $ 1,350 Accounts receivable, net 10,200 8,400 inventory 12,500 11,300 Prepaid expenses 710 520 Total current assets 24,870 21,570 Property and equipment: Land 10,800 10,800 Buildings and equipment, net 53,201 40,880 Total property and equipment 64,001 51,480 Total assets $88,871 $73,030 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $10,000 $10,000 Accrued liabilities 1,080 840 Notes payable, short term 100 100 Total current liabilities 20,250 20,030 Long-tenn liabilities: Bonds payable 0,800 0,800 Total liabilities 20,850 20,830 Stockholders equity: Common stock 500 500 Additional paid-in capital 4,000 4,000 Total paidin capital 4,500 4,500 Retained earnings 54,321 38,000 Total paidin capital 4,500 4,500 Retained earnings 54,321 38,909 Total stockholders equity 58,821 43,409 Total liabilities and stockholders' eguitiir $88,671 $ 73,039 Weller'Corporation comparative lncolne Statement and Reconciliation (dollars in'thdusands} , This Year Last Year- Sales $87,420 $65,000 Cost of goods sold 42,840 34,000 Gross margin 44,580 31,000 Selling and administrative expenses: Selling expenses 10,600 10,500 Administrative expenses 7,000 6,300 Total selling and administrative expenses 17,600 16,800 Net operating income 26,980 14,200 Interest expense 960 960 Net income before taxes 26,020 13,240 Income taxes 10,408 5,296 Net income 15,612 7,944 Dividends to common stockholders 200 375 Net income added to retained earnings 15,412 7,569 Beginning retained earnings 38,909 31,340 Ending retained earnings $54,321 5 38,909 Required: Compute the following nancial data for this year: Required: Compute the following nancial data for this year: 1. Accounts receivable turnover. (Assume that all sales are on account.) {Round your answer to 2 decimal places.) 2. Average collection period. {Use 355 days in a year. Round your intermediate calculations and na answer to 2 decimal places.) -|- 3. Inventory turnover. {Round your answer to 2 decimal places.) l 4. Average sale period. [Use 365 days in a year. Round your intermediate calculations and nal answer to 2 decimal places.) -|- 4. Average sale period. [Use 365 days in a year. Round your intermediate calculations and nal answer to 2 decimal places} -|- 5. Operating cycle. [Round your intermediate calculations and nal answer to 2 decimal places.) -|- 6. Total asset turnover. [Round your answer to 2 decimal places}