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 500,000 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 $22. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year ces Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses: Total current assets Property and equipment: . Buildings and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders equity: Common stock $ 1,210 $1,220 9,300 7,800 12,700 11,600 730 560 23,940 21,180 Land Total property and equipment 10,100 10,100 49,016 40,221 59,116 50,321 $ 83,056 $ 71,501 $19,600 1,080 $19,100 730 150 150 20,830 19,980 9,400 9,400 30,230 29,380 500 500 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,500 4,500 Retained earnings 48,326 37,621 Total stockholders' equity 52,826 47,121 Total liabilities and stockholders' equity $83,056 $71,501 Weller Corporation Comparative Income Statement and Reconciliation. (dollars in thousands) This Year $ 76,095 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings Required: Compute the following financial data for this year: Last Year $ 65,000 38,880 35,000 37,215 30,000 10,800 10,100 7,300 6,700 18,100) 16,800 19,115 13,200 940 940 18,175 12,260 7,270 4,9041 10,905 7,356 200 375 10,705 6,981 37,621 30,640 $ 48,326 $ 37,621 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.)