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%, 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 $28. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) Assets Current assets: This YearLast Year Cash Accounts receivable, net. Inventory Prepaid expenses Total current assets $ 1,190 1,390 10,200 6,900 12,400 11,200 700 520 24,490 20,010 Property and equipment: Land 10,600 10,600 Buildings and equipment, net 51,141 40,602 Total property and equipment 61,741 51,202 $ $ Total assets 86,231 71,212 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 20,200 17,900 Accrued liabilities 1,050 790 Notes payable, short term 130 130 Total current liabilities 21,380 18,820 Long-term liabilities: Bonds payable Total liabilities 9,800 9,800 31,180 28,620 Stockholders' equity: Common stock 600 600 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,600 4,600 Retained earnings 50,451 37,992 Total stockholders' equity 55,051 42,592 $ $ Total liabilities and stockholders' equity 86,231 71,212 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 77,805 $ 66,000 Cost of goods sold 37,760 36,000 Gross margin 40,045 30,000 Selling and administrative expenses: Selling expenses 10,700 10,900 Administrative expenses 7,200 6,700 Total selling and administrative expenses 17,900 17,600 Net operating income 22,145 12,400 Interest expense 980 980 Net income before taxes 21,165 11,420 Income taxes 8,466 4,568 Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 12,699 240 12,459 37,992 $ 50,451 6,552 31,440 $ 37,992 6,852 300 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 tumover 2. Average collection period 3. Inventory turnover 4. Average sale period 5. Operating cycle 6. Total asset turnover days days days: