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 $0.75 last year and $0.40 this year. The market value ofthe company's common stock at the end ofthis year was $28. All ofthe company's sales are on account Heller Corporation Comparative Balance Sheet (dollars in thousands} This Year Last Year Assets Current assets: Cash 5 1,240 5 1,260 Accounts receivable, net 10,000 8,400 Inventory 13,700 11,500 Prepaid expenses 680 560 Total current assets 25, 620 21,720 Property and equipment: Land 9,700 9,700 Buildings and equipment, net 42,782 35,550 Total property and. equipment 52,482 45,250 Total assets $78,102 $66,970 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $18,700 $17,600 Accrued liabilities 1, 040 740 Notes payable, short term 120 120 Total current liabilities 19,860 18,460 Longterm liabilities: Bonds payable 9,000 9,000 Total liabilities 28,860 27,460 Stockholders' equity: Common stock 600 600 Additional paidin capital 4,000 4,000 Total paidin capital 4,600 4,600 Retained earnings 44, 642 34,910 Total stockholders' equity 49, 242 39,510 Total liabilities and stockholders' ecruitv $78,102 $66,970 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $79,120 $65,000 Cost of goods sold 44,100 40,000 Gross margin 35,020 25,000 Selling and administrative expenses: Selling expenses 11,000 10,800 Administrative expenses 6,500 6,100 Total selling and administrative expenses 17,500 16,900 Net operating income 17,520 8,100 Interest expense 900 900 Net income before taxes 16,620 7,200 Income taxes 6,648 2,880 Net income 9,972 4,320 Dividends to common stockholders 240 450 Net income added to retained earnings 9,732 3,870 Beginning retained earnings 34,910 31,040 Ending retained earnings $44,642 $34,910 Required: Compute the following nancial data 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 nal 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 nal answer to 2 decimal places.) 5. Operating cycle. [Round your intermediate calculations and nal answer to 2 decimal places.) 6. Total asset turnover. (Round your answer to 2 decimal places.)