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 $0.40 this year. The market value of the companys common stock at the end of this year was $28. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands) This YearLast YearAssets Current assets: Cash$ 1,200$ 1,230Accounts receivable, net10,8007,100Inventory12,90011,400Prepaid expenses770530Total current assets25,67020,260Property and equipment: Land10,20010,200Buildings and equipment, net42,93735,850Total property and equipment53,13746,050Total assets$ 78,807$ 66,310Liabilities and Stockholders' Equity Current liabilities: Accounts payable$ 19,300$ 19,000Accrued liabilities1,010720Notes payable, short term170170Total current liabilities20,48019,890Long-term liabilities: Bonds payable8,0008,000Total liabilities28,48027,890Stockholders' equity: Common stock600600Additional paid-in capital4,0004,000Total paid-in capital4,6004,600Retained earnings45,72733,820Total stockholders' equity50,32738,420Total liabilities and stockholders' equity$ 78,807$ 66,310

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This YearLast YearSales$ 79,655$ 65,000Cost of goods sold41,31041,000Gross margin38,34524,000Selling and administrative expenses: Selling expenses10,70010,900Administrative expenses6,6006,500Total selling and administrative expenses17,30017,400Net operating income21,0456,600Interest expense800800Net income before taxes20,2455,800Income taxes8,0982,320Net income12,1473,480Dividends to common stockholders240300Net income added to retained earnings11,9073,180Beginning retained earnings33,82030,640Ending retained earnings$ 45,727$ 33,820

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.)

Compute the following financial ratios for this year:

1. Times interest earned ratio.

2. Debt-to-equity ratio.

3. Equity multiplier.