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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

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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 plac 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.) Weller Corporation Comparative Balance sheet (dollars in thousands) This Year Last Year 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 1iabilities: Accounts payable Acerued liabilities Notes payable, short term Total current liabilities \begin{tabular}{rr} $18,600 & $17,600 \\ 940 & 710 \\ 190 & 190 \\ \hline 19,730 & 18,500 \end{tabular} Long-term liabilities: Bonds payable Total liabilities stookholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total Btockholders' equity Total liabilities and stockholders' equity 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 compary's sales are on account

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