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 $0.75 last year and $0.40 this year. The market value of the companys common stock at the end of the year was $25. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,240		$	1,340
Accounts receivable, net		10,300			8,100
Inventory		12,500			11,300
Prepaid expenses		670			510
Total current assets		24,710			21,250
Property and equipment:
Land		10,300			10,300
Buildings and equipment, net		51,324			36,150
Total property and equipment		61,624			46,450
Total assets	$	86,334		$	67,700
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,700		$	18,800
Accrued liabilities		970			850
Notes payable, short term		220			220
Total current liabilities		20,890			19,870
Long-term liabilities:
Bonds payable		9,500			9,500
Total liabilities		30,390			29,370
Stockholders' equity:
Common stock		500			500
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,500			4,500
Retained earnings		51,444			33,830
Total stockholders' equity		55,944			38,330
Total liabilities and stockholders' equity	$	86,334		$	67,700

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	84,640		$	65,000
Cost of goods sold		35,700			42,000
Gross margin		48,940			23,000
Selling and administrative expenses:
Selling expenses		11,200			10,200
Administrative expenses		7,100			6,200
Total selling and administrative expenses		18,300			16,400
Net operating income		30,640			6,600
Interest expense		950			950
Net income before taxes		29,690			5,650
Income taxes		11,876			2,260
Net income		17,814			3,390
Dividends to common stockholders		200			500
Net income added to retained earnings		17,614			2,890
Beginning retained earnings		33,830			30,940
Ending retained earnings	$	51,444		$	33,830

Required:

Compute the following financial 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 final 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 final answer to 2 decimal places.)

5. Operating cycle. (Round your intermediate calculations and final answer to 2 decimal places.)

6. Total asset turnover. (Round your answer to 2 decimal places.)

days 1. Accounts receivable turnover 2. Average collection period 3. Inventory turnover 4. Average sale period 5. Operating cycle 6. Total asset turnover days days