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 $22. All of the companys sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $ 1,230 $ 1,220 Accounts receivable, net 10,300 7,300 Inventory 13,400 12,300 Prepaid expenses 640 580 Total current assets 25,570 21,400 Property and equipment: Land 10,300 10,300 Buildings and equipment, net 48,875 38,010 Total property and equipment 59,175 48,310 Total assets $ 84,745 $ 69,710 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 20,000 $ 18,100 Accrued liabilities 990 790 Notes payable, short term 210 210 Total current liabilities 21,200 19,100 Long-term liabilities: Bonds payable 9,000 9,000 Total liabilities 30,200 28,100 Stockholders' equity: Common stock 700 700 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,700 4,700 Retained earnings 49,845 36,910 Total stockholders' equity 54,545 41,610 Total liabilities and stockholders' equity $ 84,745 $ 69,710 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 80,960 $ 65,000 Cost of goods sold 39,835 37,000 Gross margin 41,125 28,000 Selling and administrative expenses: Selling expenses 11,400 10,500 Administrative expenses 6,800 6,900 Total selling and administrative expenses 18,200 17,400 Net operating income 22,925 10,600 Interest expense 900 900 Net income before taxes 22,025 9,700 Income taxes 8,810 3,880 Net income 13,215 5,820 Dividends to common stockholders 280 350 Net income added to retained earnings 12,935 5,470 Beginning retained earnings 36,910 31,440 Ending retained earnings $ 49,845 $ 36,910 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.)