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 companys common stock at the end of this year was $$24.$ All of the companys sales are on account.Weller CorporationComparative Balance Sheet$($dollars in thousands$)$ This YearLast YearAssets Current assets: Cash$ $1,150$$ $1,350$Accounts receivable, net$10,4007,600$Inventory$13,00011,400$Prepaid expenses$750540$Total current assets$25,30020,890$Property and equipment: Land$9,9009,900$Buildings and equipment, net$50,21239,936$Total property and equipment$60,11249,836$Total assets$ $85,412$$ $70,726$Liabilities and Stockholders' Equity Current liabilities: Accounts payable$ $20,200$$ $19,400$Accrued liabilities$1,050880$Notes payable, short term$120120$Total current liabilities$21,37020,400$Long$-$term liabilities: Bonds payable$8,4008,400$Total liabilities$29,77028,800$Stockholders' equity: Common stock$600600$Additional paid$-$in capital$4,0004,000$Total paid$-$in capital$4,6004,600$Retained earnings$51,04237,326$Total stockholders' equity$55,64241,926$Total liabilities and stockholders' equity$ $85,412$$ $70,726$Weller CorporationComparative Income Statement and Reconciliation$($dollars in thousands$)$ This YearLast YearSales$ $84,600$$ $66,000$Cost of goods sold$42,70038,000$Gross margin$41,90028,000$Selling and administrative expenses: Selling expenses$11,20010,300$Administrative expenses$6,6006,300$Total selling and administrative expenses$17,80016,600$Net operating income$24,10011,400$Interest expense$840840$Net income before taxes$23,26010,560$Income taxes$9,3044,224$Net income$13,9566,336$Dividends to common stockholders$240450$Net income added to retained earnings$13,7165,886$Beginning retained earnings$37,32631,440$Ending retained earnings$ $51,042$$ $37,326$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.