**URGENT** please answer. Directions are there……
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue ary new common stock during the year, A total of 600,000 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 lost are and account. $ 0.40 this year. The market value of the company's common stock at the end of this year was $28. 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 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.)
1. Accounts receivable turnover. |
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2. Average collection period. |
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days |
3. Inventory turnover. |
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4. Average sale period. |
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days |
5. Operating Cycle. |
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days |
6. Total asset turnover. |
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