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 700,000 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 $28. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,230	$ 1,310
Accounts receivable, net	9,600	6,900
Inventory	12,500	11,000
Prepaid expenses	770	520
Total current assets	24,100	19,730
Property and equipment:
Land	10,300	10,300
Buildings and equipment, net	43,527	38,141
Total property and equipment	53,827	48,441
Total assets	$ 77,927	$ 68,171
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 20,100	$ 17,900
Accrued liabilities	1,030	790
Notes payable, short term	210	210
Total current liabilities	21,340	18,900
Long-term liabilities:
Bonds payable	8,400	8,400
Total liabilities	29,740	27,300
Stockholders' equity:
Common stock	700	700
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,700	4,700
Retained earnings	43,487	36,171
Total stockholders' equity	48,187	40,871
Total liabilities and stockholders' equity	$ 77,927	$ 68,171

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 75,075	$ 64,000
Cost of goods sold	43,475	36,000
Gross margin	31,600	28,000
Selling and administrative expenses:
Selling expenses	11,300	10,600
Administrative expenses	6,800	6,800
Total selling and administrative expenses	18,100	17,400
Net operating income	13,500	10,600
Interest expense	840	840
Net income before taxes	12,660	9,760
Income taxes	5,064	3,904
Net income	7,596	5,856
Dividends to common stockholders	280	525
Net income added to retained earnings	7,316	5,331
Beginning retained earnings	36,171	30,840
Ending retained earnings	$ 43,487	$ 36,171

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.)