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 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 $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	$	1,190		$	1,360
Accounts receivable, net		9,800			8,100
Inventory		12,800			11,400
Prepaid expenses		670			580
Total current assets		24,460			21,440
Property and equipment:
Land		10,300			10,300
Buildings and equipment, net		52,292			38,600
Total property and equipment		62,592			48,900
Total assets	$	87,052		$	70,340
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,000		$	17,500
Accrued liabilities		930			850
Notes payable, short term		130			130
Total current liabilities		20,060			18,480
Long-term liabilities:
Bonds payable		9,000			9,000
Total liabilities		29,060			27,480
Stockholders' equity:
Common stock		600			600
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,600			4,600
Retained earnings		53,392			38,260
Total stockholders' equity		57,992			42,860
Total liabilities and stockholders' equity	$	87,052		$	70,340

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	82,340		$	65,000
Cost of goods sold		38,720			34,000
Gross margin		43,620			31,000
Selling and administrative expenses:
Selling expenses		10,600			10,700
Administrative expenses		6,500			6,200
Total selling and administrative expenses		17,100			16,900
Net operating income		26,520			14,100
Interest expense		900			900
Net income before taxes		25,620			13,200
Income taxes		10,248			5,280
Net income		15,372			7,920
Dividends to common stockholders		240			300
Net income added to retained earnings		15,132			7,620
Beginning retained earnings		38,260			30,640
Ending retained earnings	$	53,392		$	38,260

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.)