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 $29. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,200	$ 1,400
Accounts receivable, net	9,100	7,900
Inventory	13,000	12,200
Prepaid expenses	710	630
Total current assets	24,010	22,130
Property and equipment:
Land	10,500	10,500
Buildings and equipment, net	46,128	36,526
Total property and equipment	56,628	47,026
Total assets	$ 80,638	$ 69,156
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 20,500	$ 19,200
Accrued liabilities	1,060	870
Notes payable, short term	190	190
Total current liabilities	21,750	20,260
Long-term liabilities:
Bonds payable	9,900	9,900
Total liabilities	31,650	30,160
Stockholders' equity:
Common stock	700	700
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,700	4,700
Retained earnings	44,288	34,296
Total stockholders' equity	48,988	38,996
Total liabilities and stockholders' equity	$ 80,638	$ 69,156

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 79,050	$ 65,000
Cost of goods sold	42,840	40,000
Gross margin	36,210	25,000
Selling and administrative expenses:
Selling expenses	10,900	10,600
Administrative expenses	7,200	6,900
Total selling and administrative expenses	18,100	17,500
Net operating income	18,110	7,500
Interest expense	990	990
Net income before taxes	17,120	6,510
Income taxes	6,848	2,604
Net income	10,272	3,906
Dividends to common stockholders	280	350
Net income added to retained earnings	9,992	3,556
Beginning retained earnings	34,296	30,740
Ending retained earnings	$ 44,288	$ 34,296

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.)

1. Accounts receivable turnover
2. Average collection period		days
3. Inventory turnover
4. Average sale period		days
5. Operating cycle		days
6. Total asset turnover