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 700,000 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 this year was $21. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,140 9,500 12,000 730 23,370 $ 1,260 7,400 11,700 550 20,910 9,900 45,884 55,784 $79,154 9,900 38,561 48,461 $69,371 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $19,200 1,100 210 20,510 $18,300 880 210 19,390 8,900 29,410 8,900 28,290 700 4,000 4,700 45,044 49,744 $79,154 700 4,000 4,700 36, 381 41,081 $69, 371 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $77,740 $65,000 Cost of goods sold 43, 845 37,000 Gross margin 33,895 28,000 Selling and administrative expenses: Selling expenses 11,500 10,200 Administrative expenses 6,600 6,800 Total selling and administrative expenses 18,100 17,000 Net operating income 15,795 11,000 Interest expense 890 890 890 Net income before taxes 14,905 10,110 Income taxes 4,044 1049 Net income 8,943 Dividends to common stockholders 280 525 Net income added to retained earnings 8,663 5,541 Beginning retained earnings 36, 381 30,840 Ending retained earnings $45,044 $36,381 5,962 6,066 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