Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 bond payable was 12%, 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 the year was $18. All of the company's sales are on a ccount. dollars in thousands) This Year Last Year Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses $ 1,280 1,560 12,300 9,100 9,7008,200 1,800 2,100 Total current assets 25,080 20,960 Property and equipment: 6,000 6,000 Land Buildings and equipment, net 19,200 19,000 25,200 25,000 $50,280 $45,960 Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilitiess $ 9,500 8,300 700 300 600 300 10,400 5,000 Notes payable, short term 9,300 5,000 15,400 14,300 Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity Common stock 800 4,200 800 Additional paid-in capital 4,200 Total paid-in capital Retained earnings 5,000 5,000 29,880 26,660 34,880 31,660 $50,280 $45,960 Total stockholders' equity Total liabilities and stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation dollars in thousands) This Year Last Year $79,000 $74,000 52,000 48,000 Sales Cost of goods sold Gross margin Selling and administrative expenses: 27,000 26,000 8,000 8,500 Selling expenses Administrative expenses Total selling and administrative expenses Net operating income 2,000 11,000 20,500 9,000 7,000 6,500 600 600 Interest expense 5,900 2,360 Net income before taxes 6,400 Income taxes 2,560 Net income 3,540 320 3,840 Dividends to common stockholders 600 Net income added to retained earnings 3,220 3,240 Beginning retained earnings 26,660 23,420 $29,880 $26,660 Ending retained earnings 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.) 2. Average collection period 3. Inventory turnover 4. Average sale period 5. Operating cycle days