Answer Happy

4 2 Comparative financial statements for Welier Corporation, a merchandising company for the year ending December 31 appear below. The company did not guarvy new common stock during the year. A total of 700,000 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 50.75 last year and $0.40 this year. The market value of the company's common Mockat the end of this year was $21. All of the company's sales are on account Walter Corporation Comparative Bilance dollars in the day mutat Wear Assa Citat: Cash 11.10 $ 1,200 Acte reale, et 9. 3.600 Thventory 12.16 12.60 Prepaid expect 200 600 Total current reperty and equit 10,200 10,20 building and we 472353 301 Total property and quant 37253 Total 3 11,233 67.914 Liabilities and Stockholders' Equity Current liabilities Accounts payable 330,100 $ 10,500 Acer Lilities 1.04 700 Notas payable, short tur 210 Total current les 21.350 Lontariat Donde Paya BOB 0.6 Total liabilities 20350 20.010 tocano dereity como took 700 Naditional pula-napital 6.004 4.000 Total aid in capital Betained warning 46.53 124 Total stockholder Sino 22.024 Total liabilities and stocktodos y 4.700
4. sales 2 po 5.500 Totat 100 Net 7,894 Bos Welter Corporation Comparative Income Statement and Reconciliation (dollars in thousanda) This Year Last Year $ 76,925 66,000 Cost of yoode sold 22 200 Gross margin 19.000 27.000 Selling and sinistrative expenses Selling vape 10.900 19.900 Adalatrative expenses 0.400 Net operatinatrative expenses 17.500 Income 20,425 9,500 Interest expense BLO 160 is before taxes 19 1,640 Tacone taxes 3,656 Het i 11.739 3.184 Dividende te common stockholders et income added to retained earning 11.45 4,404 Deginning retained earnings 35,124 30,640 Ending retained ourninga $46.58) 535,124 Required: Compute the following financial data for this year 1. Accounts receivable turnover. (Assume that a 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.) 5. Total asset turnover (Round your answer to 2 decimal places.) 20 700 Ak Hafen 1 Accounts receivable bumover 2. Average collection period 3. Inventory turnover days