Exercise $14-3($Algo$)$ Financial Ratios for Asset Management $[$LO$14-3]$

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 $600,000$ 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 shave of common stock was $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year. The market value of the company's common stock at the end of this year was $$24.$ All of the company's sales are on account.

Required:

Compute the following financial data for this year:

Accounts recelvable turnover. $($Assume that all sales are on account$)($Round your answer to $2$ decimal places.$)$

Average collection period. $($Use $365$ days in a year. Round your intermediate calculations and final answer to $2$ decimal places$-)$

Inventory turnover. $($Round your answer to $2$ decimal places.$)$

Average sale period. $($Use $365$ days in a year. Round your intermediate calculations and final answer to $2$ decimal places.$)$

Operating cycle, $($Round your intermediate calculations and final answer to $2$ decimal places.$)$

Total asset turnover. $($Round your answer to $2$ decimal places.$)$

$\backslash$table$[[1.$ Accounts receivable tumover,,$],[2.$ Average collection periad,,days$],[3.$ Inventory tumover,,$],[4.$ Average sale period,,days$],[5.$ Operating cycle,,days$],[6.$ Total asset tumover,,$]]$