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 bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the companys common stock at the end of the year was $25. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet dollars in thousands) This Year Last Year Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses $1,100 1,350 8,400 13,100 10,700 540 9,800 790 Total current assets 24,79020,990 Property and equipment: 9,200 9,200 Land Buildings and equipment, net 50,587 37,917 59,787 47,117 $84,577 $68,107 Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued liabilities Notes payable, short term $19,300 $18,100 890 260 960 260 20,520 19,250 8,300 28,820 27,550 Total current liabilities Long-term liabilities: Bonds payable 8,300 Total liabilities Stockholders' equity Common stock 700 4,000 700 Additional paid-in capital 4,000 Total paid-in capital Retained earnings 4,700 4,700 51,05735,857 55,75740,557 $84,577$68,107 Total stockholders' equity Total liabilities and stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales Cost of goods sold This Year Last Year $82,810 $64,000 38,080 37,000 Gross margin 44,730 27,000 Selling and administrative expenses Selling expenses Administrative expenses 11,200 10,300 6,900 6,300 18,100 16,600 26,630 10,400 Total selling and administrative expenses Net operating income Interest expense 830 830 Net income before taxes Income taxes 25,800 10,320 9,570 3,828 Net income Dividends to common stockholders 15,480 280 5,742 525 5,217 Net income added to retained earnings Beginning retained earnings 15,200 35,857 30,640 Ending retained earnings $51,057 $35,857 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.) unts receivable turnover 2. Average collection period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) Average collection period days 3. Inventory turnover. (Round your answer to 2 decimal places.) Inventory turnover 4. Average sale period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) Average sale period days 5. Operating cycle. (Round your intermediate calculations and final answer to 2 decimal places.) Operating cycle days 6. Total asset turnover. (Round your answer to 2 decimal places.) Total asset turnover