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 $23. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,160		$	1,400
Accounts receivable, net		10,000			6,800
Inventory		14,000			12,100
Prepaid expenses		670			660
Total current assets		25,830			20,960
Property and equipment:
Land		9,400			9,400
Buildings and equipment, net		44,947			41,452
Total property and equipment		54,347			50,852
Total assets	$	80,177		$	71,812
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,100		$	18,600
Accrued liabilities		990			880
Notes payable, short term		110			110
Total current liabilities		20,200			19,590
Long-term liabilities:
Bonds payable		8,800			8,800
Total liabilities		29,000			28,390
Stockholders' equity:
Common stock		600			600
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,600			4,600
Retained earnings		46,577			38,822
Total stockholders' equity		51,177			43,422
Total liabilities and stockholders' equity	$	80,177		$	71,812

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	77,280		$	65,000
Cost of goods sold		45,675			33,000
Gross margin		31,605			32,000
Selling and administrative expenses:
Selling expenses		10,800			10,600
Administrative expenses		6,600			6,800
Total selling and administrative expenses		17,400			17,400
Net operating income		14,205			14,600
Interest expense		880			880
Net income before taxes		13,325			13,720
Income taxes		5,330			5,488
Net income		7,995			8,232
Dividends to common stockholders		240			450
Net income added to retained earnings		7,755			7,782
Beginning retained earnings		38,822			31,040
Ending retained earnings	$	46,577		$	38,822

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.)