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 $21. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands)) This Year Last Year Assets Current assetsi Cash Accounts receivable, net. Inventory Prepaid expenses Total current assets Property and equipment:: Land Buildings and equipment, net Total property and equipment 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 $1,270 9,700 12,700 740 $ 1,340 8,200 11,000 520 24,410 21,060 9,800 57,776 67,576 $91,986 9,800 43,739 53,539 $ 74,599 $ 20,100 1,090 $19,200 750 2801 280 21.470 20,230 9,600 9,600 31,070 29,830 500 500 4,000 4,000 4,500 4,500 Retained earnings 56,416 40,269 Total stockholders' equity 60,916 44,769 Total liabilities and stockholders' equity $91,986 $ 74,599 Common stock Additional paid-in capital Total paid-in capital Selling expenses 10,700 10,400 Administrative expenses 6,700 6,800 Total selling and administrative expenses 17,400 17,200 Net operating income 28,205 16,800 Interest expense 960 960 Net income before taxes 27,245 15,840 10,898 16,347 6,336 9,504 200 16,147 40,269 $ 56,416 375 9,129 31,140 $ 40,269 Income taxes Net incone 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. 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.) 1. Accounts receivable turnover 2. Average collection period 3. Inventory tumover 4. Average sale period 5. Operating cycle 6. Total asset turnover days days days