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 company's common stock at the end of this year was $23. All of the company's sales are on account. Weller Corporation Comparative alt (dollars in thousands) This year Last Year Assets Current assets: Cash Accounts recetable, t Inventory Prepaid expenses Tatal current assets Property and equipment Land Buildings and equipment, net Total property and equipment Total assets $1,250 $1,300 10,100 7,500 13,100 13,000 670 24,790 23,070 0,500 3,500 50,143 39,225 SPART 8,725 $78,795 Liabilities and Stockholders' Equity Current liabiliti Accounts payable $19,100 $18,100 Accrued liabilitie 1,00 Notes payable, short term 1 140 Total current labe Long-term 11 Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital 30,300 19,340 10,000 18,000 10,30 29,340 700 4,000 1,700 4,700 36,755 Total stockholders' equity 43-455 Total abilities and stockholders squity $70,795 Weller Carporation Comparative Income Statement and Reconcilation (dollars in thousands This Year Sales $83,300 Last Year $64,000 Cast of goods sold 42,130 35,000 40,930 Selling and administrative expe 11,000 Administrative expenses 4,300 Total selling and administrative expenses 17,800 Net operating income 23,130 11,100 1.000 Net Income betere taxe 12,130 10,100 Income taxes Net Income 13,278 4,310 Dividends to common stockholders 535 Net Income added to retained earnings 13,09 5,735 Beginning retained in 16,755 11,812 Ending retained earnings $19,753 $30,755 Required: Compute the following financial clets 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.)