please help with the numbers in the problem Comparative...

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Accounting

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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 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 $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 $22. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $1,270 9,500 14,000 630 25,500 $ 1,220 7,400 10,700 680 20,000 10,000 46,873 56,873 $ 82,373 10,000 37,865 47 865 $ 67,865 Assets Current assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short tern Total current liabilities Long-ter liabilities: Ronda payable Total liabilities stockholders' equity Connon stock Additional paid-in capital Total paid in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 18,800 920 240 19.950 $ 18,000 810 240 19.050 10,000 29.960 10.000 29,050 700 4,000 4,700 47,713 52.413 $92,373 700 4.000 4,700 34,115 38,015 5 67.865 This Year $ 80,750 39,520 41,230 Last Year $ 64,000 40,000 24,000 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 10,700 6,400 17,100 24,130 1,000 23,130 9,252 13,878 280 13,598 34,115 $ 47,713 10,900 6,100 17,000 7,000 1,000 6,000 2,400 3,600 525 3,075 31,040 $ 34,115 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.) days 1. Accounts receivable turnover 2. Average collection period 3. Inventory tumover 4. Average sale penod 5. Operating cycle 6. Total asset turnover days days

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