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Zigmanuir [339]
3 years ago
5

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 800,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, 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 $18. All of the company’s sales are on account.

Business
1 answer:
Ipatiy [6.2K]3 years ago
8 0

Answer:

a lot of information is missing, so I looked for a similar question:

1) accounts receivable turnover = net sales / average accounts receivable = $79,000 / [($12,300 + 9,100)/2] = 7.38

2) average collection period = 365 days /  accounts receivable turnover ratio = 365 / 7.38 = 49.46 days.

3) inventory turnover = COGS / average inventory = $52,000 / [($9,700 + $8,200)/2] = 5.81  

 

4) average sale period = 365 days / inventory turnover = 365 / 5.81 = 62.82 days

5) Operating cycle = average sale period + average collection period = 49.46 + 62.82 = 67.28 days

6) total assets turnover ratio = net sales / average assets  = $79,000 / [($52,2800 + $45,960)/2] = 1.64

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If only one airline serves a town, the <em>question </em>of whether a monopoly exists is:

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Based on the given question, we are asked to state whether a monopoly exist in a situation where there is only one airline in a town, and the answer is, yes, that is a monopoly

It is important to note that a monopoly has to do with the domination of one company in a market system whereby there is little to no competition from other companies. In this situation, there is usually higher prices of products because there is a <em>lack of competition</em> for competitive prices.

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brainly.com/question/13113415

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