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 of the companys common stock at the end of the year was $23. All of the companys sales are on account.

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.)

Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,270 10,500 12,200 610 24,580 $ 1,350 7,700 12,500 690 22, 240 10,400 58,398 68,798 $93,378 10,400 40,018 50,418 $72,658 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' uity 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 $18,800 910 220 19,930 $17,700 730 220 18,650 9,700 29,630 9,700 28,350 600 4,000 4,600 59, 148 63,748 $93,378 600 4,000 4,600 39,708 44,308 $72,658 Last Year $65,000 32,000 33,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 86,450 Cost of goods sold 34,580 Gross margin 51,870 Selling and administrative expenses: Selling expenses 11,100 Administrative expenses 7,000 Total selling and administrative expenses 18,100 Net operating income 33,770 Interest expense 970 Net income before taxes 32,800 Income taxes 13, 120 Net income 19,680 Dividends to common stockholders 240 Net income added to retained earnings 19,440 Beginning retained earnings 39, 708 Ending retained earnings $59,148 10,400 6,600 17,000 16,000 970 15,030 6,012 9,018 450 8,568 31,140 $39,708 1. Accounts receivable turnover days 2. Average collection period 3. Inventory turnover 4. Average sale period 5. Operating cycle 6. Total asset turnover days days