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 $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year. The market value of the company$$s common stock at the end of this year was $$25.$ 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 $ $1,170$ $ $1,390$

Accounts receivable, net $9,9008,200$

Inventory $13,00012,000$

Prepaid expenses $730680$

Total current assets $24,80022,270$

Property and equipment:

Land $10,20010,200$

Buildings and equipment, net $47,14235,328$

Total property and equipment $57,34245,528$

Total assets $ $82,142$ $ $67,798$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $18,600$ $ $18,600$

Accrued liabilities $980820$

Notes payable, short term $110110$

Total current liabilities $19,69019,530$

Long$-$term liabilities:

Bonds payable $9,2009,200$

Total liabilities $28,89028,730$

Stockholders' equity:

Common stock $600600$

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

Total paid$-$in capital $4,6004,600$

Retained earnings $48,65234,468$

Total stockholders' equity $53,25239,068$

Total liabilities and stockholders' equity $ $82,142$ $ $67,798$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $83,260$ $ $65,000$

Cost of goods sold $40,00041,000$

Gross margin $43,26024,000$

Selling and administrative expenses:

Selling expenses $11,30010,600$

Administrative expenses $7,0006,100$

Total selling and administrative expenses $18,30016,700$

Net operating income $24,9607,300$

Interest expense $920920$

Net income before taxes $24,0406,380$

Income taxes $9,6162,552$

Net income $14,4243,828$

Dividends to common stockholders $240600$

Net income added to retained earnings $14,1843,228$

Beginning retained earnings $34,46831,240$

Ending retained earnings $ $48,652$ $ $34,468$

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.