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 $ 1,210 9,500 13,700 730 25,140 $ 1,410 7,100 12, 100 520 21, 130 9,600 47,813 57,413 $82,553 9,600 42,441 52, 041 $73, 171 Assets Current assets: 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: Common stock Additional paid-in capital Total paid-in capital Retained earnings $20,200 1,080 260 21,540 $19,300 750 260 20,310 8,400 29,940 8,400 28,710 500 4,000 4,500 48,113 500 4,000 4,500 39,961 Total stockholders' equity Total liabilities and stockholders' equity 52,613 $82,553 44,461 $73, 171 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $73,040 $65,000 Cost of goods sold 41,280 32,000 Gross margin 31,760 33,000 Selling and administrative expenses: Selling expenses 10,600 10,900 Administrative expenses 6,400 6,100 Total selling and administrative expenses 17,000 17,000 Net operating income 14,760 16,000 Interest expense 840 840 Net income before taxes 13,920 15, 160 Income taxes 5,568 6,064 Net income 8,352 9,096 Dividends to common stockholders 200 375 Net income added to retained earnings 8,152 8,721 Beginning retained earnings 39,961 31, 240 Ending retained earnings $48,113 $39,961 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 days 2. Average collection period 3. Inventory turnover 4. Average sale period 5. Operating cycle days days 6. Total asset turnover