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 companys common stock at the end of the year was $27. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,150		$	1,320
Accounts receivable, net		9,800			8,400
Inventory		13,700			11,200
Prepaid expenses		800			560
Total current assets		25,450			21,480
Property and equipment:
Land		10,900			10,900
Buildings and equipment, net		51,042			38,904
Total property and equipment		61,942			49,804
Total assets	$	87,392		$	71,284
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,600		$	19,000
Accrued liabilities		970			720
Notes payable, short term		210			210
Total current liabilities		20,780			19,930
Long-term liabilities:
Bonds payable		8,100			8,100
Total liabilities		28,880			28,030
Stockholders' equity:
Common stock		600			600
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,600			4,600
Retained earnings		53,912			38,654
Total stockholders' equity		58,512			43,254
Total liabilities and stockholders' equity	$	87,392		$	71,284

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	80,990		$	65,000
Cost of goods sold		37,350			35,000
Gross margin		43,640			30,000
Selling and administrative expenses:
Selling expenses		10,600			10,200
Administrative expenses		6,400			6,300
Total selling and administrative expenses		17,000			16,500
Net operating income		26,640			13,500
Interest expense		810			810
Net income before taxes		25,830			12,690
Income taxes		10,332			5,076
Net income		15,498			7,614
Dividends to common stockholders		240			300
Net income added to retained earnings		15,258			7,314
Beginning retained earnings		38,654			31,340
Ending retained earnings	$	53,912		$	38,654

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 perioddays

3.Inventory turnover

4.Average sale perioddays

5.Operating cycledays6.Total asset turnover