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 $500,000$ 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 $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year. The market value of the company$$s common stock at the end of this year was $$27.$ All of the company$$s sales are on account.

Weller Corporation

Comparative Balance Sheet

$($dollars in thousands$)$

This Year Last Year

Assets

Current assets:

Cash $ $1,150$ $ $1,350$

Accounts receivable, net $10,0007,300$

Inventory $12,60011,600$

Prepaid expenses $720530$

Total current assets $24,47020,780$

Property and equipment:

Land $9,2009,200$

Buildings and equipment, net $47,78638,900$

Total property and equipment $56,98648,100$

Total assets $ $81,456$ $ $68,880$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $20,100$ $ $18,700$

Accrued liabilities $970880$

Notes payable, short term $220220$

Total current liabilities $21,29019,800$

Long$-$term liabilities:

Bonds payable $10,00010,000$

Total liabilities $31,29029,800$

Stockholders' equity:

Common stock $500500$

Additional paid$-$in capital $4,0004,000$

Total paid$-$in capital $4,5004,500$

Retained earnings $45,66634,580$

Total stockholders' equity $50,16639,080$

Total liabilities and stockholders' equity $ $81,456$ $ $68,880$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $76,120$ $ $64,000$

Cost of goods sold $37,51039,000$

Gross margin $38,61025,000$

Selling and administrative expenses:

Selling expenses $11,50010,800$

Administrative expenses $7,3006,300$

Total selling and administrative expenses $18,80017,100$

Net operating income $19,8107,900$

Interest expense $1,0001,000$

Net income before taxes $18,8106,900$

Income taxes $7,5242,760$

Net income $11,2864,140$

Dividends to common stockholders $200500$

Net income added to retained earnings $11,0863,640$

Beginning retained earnings $34,58030,940$

Ending retained earnings $ $45,666$ $ $34,580$

Required:

Compute the following financial data for this year:

Accounts receivable turnover. $($Assume all sales are on account.$)$

Note: Round your answer to $2$ decimal places.

Average collection period.

Note: Use $365$ days in a year. Round your intermediate calculations and final answer to $2$ decimal places.

Inventory turnover.

Note: Round your answer to $2$ decimal places.

Average sale period.

Note: Use $365$ days in a year. Round your intermediate calculations and final answer to $2$ decimal places.

Operating cycle.

Note: Round your intermediate calculations and final answer to $2$ decimal places.

Total asset turnover.

Note: Round your answer to $2$ decimal places.