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 500,000 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 the year was $24. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,180		$	1,240
Accounts receivable, net		9,300			7,200
Inventory		13,000			12,000
Prepaid expenses		640			510
Total current assets		24,120			20,950
Property and equipment:
Land		9,700			9,700
Buildings and equipment, net		46,078			40,694
Total property and equipment		55,778			50,394
Total assets	$	79,898		$	71,344
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	20,400		$	19,100
Accrued liabilities		1,030			740
Notes payable, short term		280			280
Total current liabilities		21,710			20,120
Long-term liabilities:
Bonds payable		8,100			8,100
Total liabilities		29,810			28,220
Stockholders' equity:
Common stock		500			500
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,500			4,500
Retained earnings		45,588			38,624
Total stockholders' equity		50,088			43,124
Total liabilities and stockholders' equity	$	79,898		$	71,344

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	77,550		$	66,000
Cost of goods sold		47,500			35,000
Gross margin		30,050			31,000
Selling and administrative expenses:
Selling expenses		10,600			10,500
Administrative expenses		6,700			6,800
Total selling and administrative expenses		17,300			17,300
Net operating income		12,750			13,700
Interest expense		810			810
Net income before taxes		11,940			12,890
Income taxes		4,776			5,156
Net income		7,164			7,734
Dividends to common stockholders		200			250
Net income added to retained earnings		6,964			7,484
Beginning retained earnings		38,624			31,140
Ending retained earnings	$	45,588		$	38,624

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.)