Comparative financial statements for Weller Corporation, a merchandising company for the year ending December 21 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 year and $0.40 this year. The market value of the company's common stock at the end of this year was $29 All of the company's sales ere on account Weller Corporation Comparative Balance Sheet (dollars in thousands) Assets Current assets Cash Accounts receivable, net Inventory Prepaid expenses Total current sets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: This Last Year $1,258 $1,250 9,200 8.500 13,700 12,000 750 650 24,900 22.410 9,000 52.795 39,316 2,595 49,116 $ 71,526 87,495 Accounts payable Accrued Liabilities 19,800 $19,000 1,00 900 Total current liabilities Notes payable, short term Long-term liabilities: Bonds payable Total Liabilities Stockholders' equity: Common stock 200 200 21,000 20,100 8,980 8,980 29,99 29,000 600 600 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,600 4,600 Retained earnings 52,905 37,926 Tetal stockholders' equity 57,585 47.526 Total liabilities and stockholders' equity $ 71,526 87,405 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales Cest of goods sold Gross Margin Selling and administrative expenses: $81,428 $ 65,000 37,265 35,808 44,155 30,000 Interest expense Selling expenses Adeinistrative expenses Total selling and administrative expenses het operating income Net incone before taxes: 11,400 10,300 6,500 6,500 17,900 16,800 26,255 13,200 898 25,365 12,316 Income taxes 10,146 4,924 Net income 15,219 7,386 Dividends to common stockholders 248 300 Net income added to retained earnings 14,079 7,086 Beginning retained earnings 37,926 38,848 Ending retained earnings 152,905 $ 37,926 Required: Compute the folowing financial data for this year 1 Accounts receivebie turnover (Assume all sales are on account) Note: Round your answer to 2 decimal places. 2. Average collection period Note: Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places 3. Joventory turnover Note: Round your answer to 2 decimal places 4. Average sale period Note: Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places 5 Operating cycle Note: Round your intermediate calculations and final answer to 2 decimal places 6. Total asset turnover Note: Round your answer to 2 decimal places