2 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 share of common stock was $0.75 last year and S0.40 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 ore on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Current assets: $ 1.260 $1,330 9,806,600 13,90 11,300 Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: 25,710 19,778 Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: 9,900 45,124 55,024 $80,734 9.90e 39,578 49.478 $69,248 $ 17,900 $19,9ee 93e 21,880 18,840 9,7829 ,720 38,780 28,548 Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid in capital Total paid in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' cquity $ 66, 39, eee 27. eee Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 76,260 Cost of goods sold 41.53e Gross margin 34,680 Selling and administrative expenses: Selling expenses 18,6ee Administrative expenses Total selling and administrative expenses 17.900 Net operating income Interest expense Net income before taxes 10,120 16,5ee 1e.see 5,718 Net incoTS Dividends to common stockholders Net income added to retained carnings Beginning retained earnings Ending retained carnings $36,188 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 turnover 4. Average sale period 5. Operating cycle 6. Total asset turnover days days