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 company's common stock at the end of this year was $21. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,150 9.36 12,200 630 23,280 $ 1,340 8,300 11,280 21,460 9,100 51,204 60,304 $83,584 9, 100 41,178 50,278 $71,738 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short tern Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Connon stock Additional pald-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $19, eee 960 210 20,170 $18,800 780 210 19,790 8.200 28,370 8,2ee 27,990 bee 4.800 4.600 50,614 55,214 $83,584 bee 4,600 4,600 39,148 43,748 $71,738 Sales Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year $77,440 $ 66,eee Cost of goods sold 38,618 34,00 Gross margin 38,830 32.ee Selling and administrative expenses: Selling expenses 11,200 18.4ee Administrative expenses 7.300 6.100 Total selling and administrative expenses 18,5ee 16,5ee Net operating income 20,33e 15,5ee Interest expense 820 820 Net income before taxes 19,510 14.680 Income taxes 7.824 5,872 Net income 11,706 8,888 Dividends to connon stockholders 240 bee Net income added to retained earnings 11,466 8. 208 Beginning retained earnings 39,148 38,940 Ending retained earnings $58,614 $39, 148 Required: Compute the following financial data for this year. 1. Accounts recelvable 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.)