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	$ 1,180	$ 1,270
Accounts receivable, net	10,500	8,000
Inventory	12,300	11,500
Prepaid expenses	790	500
Total current assets	24,770	21,270
Property and equipment:
Land	10,600	10,600
Buildings and equipment, net	53,214	37,767
Total property and equipment	63,814	48,367
Total assets	$ 88,584	$ 69,637
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 20,500	$ 19,300
Accrued liabilities	1,040	710
Notes payable, short term	240	240
Total current liabilities	21,780	20,250
Long-term liabilities:
Bonds payable	9,800	9,800
Total liabilities	31,580	30,050
Stockholders' equity:
Common stock	700	700
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,700	4,700
Retained earnings	52,304	34,887
Total stockholders' equity	57,004	39,587
Total liabilities and stockholders' equity	$ 88,584	$ 69,637

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 84,175	$ 65,000
Cost of goods sold	35,700	40,000
Gross margin	48,475	25,000
Selling and administrative expenses:
Selling expenses	10,700	10,700
Administrative expenses	7,300	6,700
Total selling and administrative expenses	18,000	17,400
Net operating income	30,475	7,600
Interest expense	980	980
Net income before taxes	29,495	6,620
Income taxes	11,798	2,648
Net income	17,697	3,972
Dividends to common stockholders	280	525
Net income added to retained earnings	17,417	3,447
Beginning retained earnings	34,887	31,440
Ending retained earnings	$ 52,304	$ 34,887

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.)