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 $26. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Last Year Year Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets $ 1,200 10,900 $1,270 7,900 13,800 12,300 730 570 26,630 22,040 Property and equipment: Land 9,300 9,300 Buildings and equipment, net 46,699 38,639 Total property and equipment 55,999 47,939 $ Total assets $ 69,979. 82,629 Total current assets Property and equipment: 26,630 22,040 Land 9,300 9,300 Buildings and equipment, net 46,699 38,639 Total property and equipment 55,999 47,939 $ Total assets $ 69,979 82,629 Liabilities and Stockholders' Equity O Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Total paid-in capital Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 18,200 19,600 1,060 810 190 190 20,850 19,200 9,600 9,600 30,450 28,800 700 ,700 4,000 4,000 4,700 4,700 47,479 36,479 52,179 41;179 $ $ 69,979 82,629 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 85,540 $ 66,000 Cost of goods sold 46,980 38,000 Gross margin 38,560 28,000 Selling and administrative expenses: Selling expenses 11,500 10,800 Administrative expenses 7,300 6,800 Total selling and administrative expenses 18,800 17,600 Net operating income 19,760 10,400 Interest expense 960 960 Net income before taxes 18,800 9,440 Income taxes. 7,520 3,776 Net income 11,280 5,664 Dividends to common stockholders. 280 525 Net income added to retained earnings Beginning retained earnings Ending retained earnings 11,000 36,479 $ 47,479 5,139 31,340 $ 36,479 1. Accounts receivable turnover. (Assume all sales are on account.) Note: Round your answer to 2 decimal places. 2. Average collection period. Note: Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places. 3. Inventory turnover. Note: Round your answer to 2 decimal places. 4. Average sale period. Note: Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places. 5. Operating cycle. Note: Round your intermediate calculations and final answer to 2 decimal places. 6. Total asset turnover. Note: Round your answer to 2 decimal places. 1. Accounts receivable turnover 2. Average collection period 3. Inventory turnover 4. Average sale period 5. Operating cycle 6. Total asset turnover days days days