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please help thank you. Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not

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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 this year was $26. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,240 10,700 13,100 790 25,830 $ 1,330 7,100 12,000 610 21,040 9,600 45,299 54,899 $ 80,729 9,600 38,179 47,779 $ 68,819 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 17,500 880 $ 20,400 940 280 21,620 280 18,660 8,100 29,720 8,100 26,760 500 4,090 4,500 46,509 51,009 $ 80,729 500 4,000 4,500 37,559 42,059 $ 68,819 Last Year $ 65,000 36,000 29,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 77,430 Cost of goods sold 42,670 Gross margin 34,760 Selling and administrative expenses: Selling expenses 11,500 Administrative expenses 7,200 Total selling and administrative expenses 18,709 Net operating income 16,060 Interest expense 810 Net income before taxes 15,250 Income taxes 6,100 Net income Dividends to common stockholders 200 Net income added to retained earnings 8,950 Beginning retained earnings 37,559 Ending retained earnings $ 46,509 10,200 6,500 16,700 12,300 810 11,490 4,596 6,894 375 6,519 31,048 $ 37,559 9,150 Required: Compute the following financial 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 365 days in a year. Round your intermediate calculations and final 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 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.) Required: Compute the following financial data for this year. a 1. Accounts receivable 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. 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 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.) days 1. Accounts receivable turnover 2. Average collection period 3. Inventory turnover 4. Average sale period 5. Operating cycle 6. Total asset turnover days days

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