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second screen shot is wrong! The right questions: (round to 2 decimal places) 1. Times interest earned ratio: 2. Debt to equity ratio: 3. Equity
second screen shot is wrong!
Comparative financial statements for Weller Corporation, a merchandising compony, for the year ending Docember 31 appear below. The company did not issue any now common stock during the yeac, A total of 600,000 shares of common stock were outstanding. The Interest rate on the bond payable was 10x, 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 $21. All of the company's saies are on account. Requlred: 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 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.) The right questions: (round to 2 decimal places)
1. Times interest earned ratio:
2. Debt to equity ratio:
3. Equity multiplier:
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