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 companys common stock at the end of this year was $30. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,250		$	1,400
Accounts receivable, net		9,900			7,900
Inventory		12,400			12,100
Prepaid expenses		720			700
Total current assets		24,270			22,100
Property and equipment:
Land		10,400			10,400
Buildings and equipment, net		49,718			37,337
Total property and equipment		60,118			47,737
Total assets	$	84,388		$	69,837
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,500		$	17,500
Accrued liabilities		910			790
Notes payable, short term		140			140
Total current liabilities		20,550			18,430
Long-term liabilities:
Bonds payable		9,800			9,800
Total liabilities		30,350			28,230
Stockholders' equity:
Common stock		700			700
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,700			4,700
Retained earnings		49,338			36,907
Total stockholders' equity		54,038			41,607
Total liabilities and stockholders' equity	$	84,388		$	69,837

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	80,990		$	66,000
Cost of goods sold		40,425			37,000
Gross margin		40,565			29,000
Selling and administrative expenses:
Selling expenses		11,100			10,500
Administrative expenses		7,300			6,700
Total selling and administrative expenses		18,400			17,200
Net operating income		22,165			11,800
Interest expense		980			980
Net income before taxes		21,185			10,820
Income taxes		8,474			4,328
Net income		12,711			6,492
Dividends to common stockholders		280			525
Net income added to retained earnings		12,431			5,967
Beginning retained earnings		36,907			30,940
Ending retained earnings	$	49,338		$	36,907

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 yourintermediate 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 yourintermediate 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.)