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will upvote for fast correct answer Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below The company
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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 duing 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 $27. All of the company's sales are on account Required: Compute the following financial data for this year: 1. Accounts receivable turnover. (Assume that all sales are on account) (Round your onswer to 2 decimal places.) 2. Average collection period. (Use 365 days in a year. Round your intermediote colculations and final answer to 2 decimol places.) 3. Inventory tumover (Round your answer to 2 decimal places.) 4. Average sale period. (Use 365 doys in o yeor. Round your intermediote calculations and final onswer to 2 decimol places.) 5. Operating cycle. (Round your intermediote calculations and finol answer to 2 decimal ploces.) 6 Total asset furnover (Round your onswer to 2 decimol places.) Step by Step Solution
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