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Chapter 15 HW ave 2 5 0 0 Comparative financial statements for Weder Corporation, a merchandising company for the year ending December The company did not issue any now.common stock during the year. A of 600.000 shares of common store the interest rate on the bond payable was 10, the income tax rate was 40%, and the dividend per share of common stock 505 fost year and $0.40 this year. The market value of the company's common stock at the end of the year wat $34. Als me company are on account eller Corporation Comparative Balance Sheet (dollars I thousands Assets This Year Last Year Current assets Cash 11,20 31. Accounts receivable, et NO 6.60 Taventory 12.50 11. Prepaid expenses 1 578 Total current assets 2012 property and bent Land . 1,400 Bottons and potat 54.72 13 Total property and we OD 42 Total asset 9.17 Latities and Stockholdersity Current in accounts paye 11, credits 20 Note 4. there bere Teise Total current les Lotta Bonds 30W Total Stockholders city Conne - national . Tutat din Capital 2 ined earnings Yere store Total times and tact P fo $19. MIAMI CTS 20
ved Help Save & Exit Submit 2 Check my w 5 points Welter Corporation Comparative Income Statenent and Reconciliation (dollars in thousands) This Year Last Year Sales $74.900 Cost of goods sold $66,000 Gross margin 35,235 37.000 39,74529.000 Selling and administrative expenses Selling expenses 10.500 10,400 Administrative expenses 6,700 6,500 Total selling and administrative expenses 37,200 16,00 Net operating income 22,545 12.100 Interest expense BRO ANO Net Income before taxes 21,665 11,220 Income taxes 8.646 4,40 Net Income 12.99 6.732 240 450 Dividends to common stockholders Net Income added to retained earnings 12,759 6,282 Beginning retained earnings 37,222 30.940 349,981 Ending retained earnings 537.222 Hint 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. Hound 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
ook 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 finanswer 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.) Prim References days 1. Accounts receivable tumover 2. Average collection period 3. Inventory tumover 4. Average sale period 5. Operating cycle 6. Total asset tumover day days