Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December appear below.
The company did not issue any new common stock during the year. A total of shares of common stock were outstanding. The
interest rate on the bond payable was the income tax rate was and the dividend per share of common stock was $ last
year and $ this year. The market value of the company's common stock at the end of this year was $ All of the company's sales
are on account.
Required:
Compute the following financial data for this year:
Accounts receivable turnover. Assume that all sales are on account.Round your onswer to declmal pleces.
Average collection period. Use days In a year. Round your Intermedlate calculations and final answer to declmal places.
Inventory turnover. Round your answer to declmol places.
Average sale period. Use days In a year. Round your Intermedlate calculations and flnal answer to declmal places.
Operating cycle. Round your Intermedlate calculations and final answer to declmal ploces.
Total asset turnover. Round your answer to declmal ploces.
