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$$s common stock at the end of this year was $$29.$ 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 $ $1,110$ $ $1,390$

Accounts receivable, net $9,1006,800$

Inventory $13,80011,100$

Prepaid expenses $650500$

Total current assets $24,66019,790$

Property and equipment:

Land $9,0009,000$

Buildings and equipment, net $42,27638,168$

Total property and equipment $51,27647,168$

Total assets $ $75,936$ $ $66,958$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $18,500$ $ $18,000$

Accrued liabilities $930820$

Notes payable, short term $160160$

Total current liabilities $19,59018,980$

Long$-$term liabilities:

Bonds payable $8,7008,700$

Total liabilities $28,29027,680$

Stockholders' equity:

Common stock $500500$

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

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

Retained earnings $43,14634,778$

Total stockholders' equity $47,64639,278$

Total liabilities and stockholders' equity $ $75,936$ $ $66,958$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $73,935$ $ $65,000$

Cost of goods sold $41,08541,000$

Gross margin $32,85024,000$

Selling and administrative expenses:

Selling expenses $11,10010,200$

Administrative expenses $6,6006,200$

Total selling and administrative expenses $17,70016,400$

Net operating income $15,1507,600$

Interest expense $870870$

Net income before taxes $14,2806,730$

Income taxes $5,7122,692$

Net income $8,5684,038$

Dividends to common stockholders $200500$

Net income added to retained earnings $8,3683,538$

Beginning retained earnings $34,77831,240$

Ending retained earnings $ $43,146$ $ $34,778$

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.