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 this year was $29. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,260	$ 1,370
Accounts receivable, net	10,700	7,000
Inventory	12,600	12,300
Prepaid expenses	700	630
Total current assets	25,260	21,300
Property and equipment:
Land	10,200	10,200
Buildings and equipment, net	47,070	37,666
Total property and equipment	57,270	47,866
Total assets	$ 82,530	$ 69,166
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 18,900	$ 19,000
Accrued liabilities	1,030	820
Notes payable, short term	220	220
Total current liabilities	20,150	20,040
Long-term liabilities:
Bonds payable	8,900	8,900
Total liabilities	29,050	28,940
Stockholders' equity:
Common stock	600	600
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,600	4,600
Retained earnings	48,880	35,626
Total stockholders' equity	53,480	40,226
Total liabilities and stockholders' equity	$ 82,530	$ 69,166

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 81,420	$ 65,000
Cost of goods sold	39,840	38,000
Gross margin	41,580	27,000
Selling and administrative expenses:
Selling expenses	11,200	10,500
Administrative expenses	7,000	6,800
Total selling and administrative expenses	18,200	17,300
Net operating income	23,380	9,700
Interest expense	890	890
Net income before taxes	22,490	8,810
Income taxes	8,996	3,524
Net income	13,494	5,286
Dividends to common stockholders	240	600
Net income added to retained earnings	13,254	4,686
Beginning retained earnings	35,626	30,940
Ending retained earnings	$ 48,880	$ 35,626

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 turnover 4. Average sale period 5. Operating cycle 6. Total asset turnover days days days