Refer to the data in Exercise 16—2 for Weller Corporation.

Required:

Compute the following financial data for short-term creditors for this year:

1. Working capital.
2. Current ratio.
3. Acid-test ratio.
4. Accounts receivable turnover, (Assume that all sales are on account.)
5. Average collection period.
6. Inventory turnover.
7. Average sale period.