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 $40\%.$

The dividend per share of common stock was $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year.

The market value of the company$$s common stock at the end of this year was $$28.$ 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 $ $1,140$ $ $1,330$

Accounts receivable, net $10,4007,900$

Inventory $13,30012,100$

Prepaid expenses $800600$

Total current assets $25,64021,930$

Property and equipment:

Land $10,80010,800$

Buildings and equipment, net $46,89832,928$

Total property and equipment $57,69843,728$

Total assets $ $83,338$ $ $65,658$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $20,100$ $ $18,100$

Accrued liabilities $1,080820$

Notes payable, short term $260260$

Total current liabilities $21,44019,180$

Long$-$term liabilities:

Bonds payable $8,7008,700$

Total liabilities $30,14027,880$

Stockholders' equity:

Common stock $600600$

Additional paid$-$in capital $4,0004,000$

Total paid$-$in capital $4,6004,600$

Retained earnings $48,59833,178$

Total stockholders' equity $53,19837,778$

Total liabilities and stockholders' equity $ $83,338$ $ $65,658$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $86,010$ $ $65,000$

Cost of goods sold $40,64042,000$

Gross margin $45,37023,000$

Selling and administrative expenses:

Selling expenses $11,30010,900$

Administrative expenses $7,1006,500$

Total selling and administrative expenses $18,40017,400$

Net operating income $26,9705,600$

Interest expense $870870$

Net income before taxes $26,1004,730$

Income taxes $10,4401,892$

Net income $15,6602,838$

Dividends to common stockholders $240600$

Net income added to retained earnings $15,4202,238$

Beginning retained earnings $33,17830,940$

Ending retained earnings $ $48,598$ $ $33,178$

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.$)$