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 800,000 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 company's common stock at the end of the year was $24. All of the company's 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 $ 1,260 $ 1,300 10.600 8,300 12, 100 12.300 690 650 Total current assets 24,650 22,550 Property and equipment: Land Buildings and equipment, net 9,200 55,600 9,200 39,556 Total property and equipment 84,800 48,758 Total assets $89,450 $ 71,306 Liabilities and Stockholders' Equity Current abilities: Accounts payable Accrued liabilities Notes payable, short term $19,700 990 220 $ 19,300 820 220 20,910 20,340 Total current liabilities Long-term liabilities: Bonds payable 8,900 8.900 Total liabilities 29,810 29,240 Stockholders' equity: Common stock Additional paid-in capital 600 4,000 600 4,000 Total paid-in capital Retained earnings 4.600 55,040 4,600 37.466 Total stockholders' equity 59,640 42,066 Total liabilities and stockholders' equity $89,450 $ 71,306 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $83,160 $ 64,000 Cost of goods sold 35,380 35,000 Gross margin 47,780 29,000 Selling and administrative expenses: Selling expenses Administrative expenses 10.600 6.600 10,100 6.800 Total selling and administrative expenses 17,200 16,900 Net operating income Interest expense 30,580 890 12, 100 890 Net income before taxes Income taxes 29,690 11,876 11,210 4,484 17,814 240 6,726 600 Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings 17,574 37,466 6,126 31,340 Ending retained earnings $55,040 $ 37,488 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.) Accounts 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