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 $29. 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		$	1,350
Accounts receivable, net		11,000			7,700
Inventory		13,300			11,100
Prepaid expenses		660			640
Total current assets		26,200			20,790
Property and equipment:
Land		11,000			11,000
Buildings and equipment, net		47,718			40,306
Total property and equipment		58,718			51,306
Total assets	$	84,918		$	72,096
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,000		$	18,400
Accrued liabilities		900			740
Notes payable, short term		270			270
Total current liabilities		20,170			19,410
Long-term liabilities:
Bonds payable		8,400			8,400
Total liabilities		28,570			27,810
Stockholders' equity:
Common stock		700			700
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,700			4,700
Retained earnings		51,648			39,586
Total stockholders' equity		56,348			44,286
Total liabilities and stockholders' equity	$	84,918		$	72,096

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	84,150		$	65,000
Cost of goods sold		45,140			33,000
Gross margin		39,010			32,000
Selling and administrative expenses:
Selling expenses		11,100			10,000
Administrative expenses		6,500			6,500
Total selling and administrative expenses		17,600			16,500
Net operating income		21,410			15,500
Interest expense		840			840
Net income before taxes		20,570			14,660
Income taxes		8,228			5,864
Net income		12,342			8,796
Dividends to common stockholders		280			350
Net income added to retained earnings		12,062			8,446
Beginning retained earnings		39,586			31,140
Ending retained earnings	$	51,648		$	39,586

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.)