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 this year was $22. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,260		$	1,350
Accounts receivable, net		9,900			8,300
Inventory		12,900			10,900
Prepaid expenses		700			580
Total current assets		24,760			21,130
Property and equipment:
Land		10,700			10,700
Buildings and equipment, net		48,750			38,866
Total property and equipment		59,450			49,566
Total assets	$	84,210		$	70,696
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,000		$	17,400
Accrued liabilities		970			750
Notes payable, short term		140			140
Total current liabilities		20,110			18,290
Long-term liabilities:
Bonds payable		8,400			8,400
Total liabilities		28,510			26,690
Stockholders' equity:
Common stock		600			600
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,600			4,600
Retained earnings		51,100			39,406
Total stockholders' equity		55,700			44,006
Total liabilities and stockholders' equity	$	84,210		$	70,696

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	80,080		$	66,000
Cost of goods sold		41,650			32,000
Gross margin		38,430			34,000
Selling and administrative expenses:
Selling expenses		10,500			10,900
Administrative expenses		7,200			6,900
Total selling and administrative expenses		17,700			17,800
Net operating income		20,730			16,200
Interest expense		840			840
Net income before taxes		19,890			15,360
Income taxes		7,956			6,144
Net income		11,934			9,216
Dividends to common stockholders		240			450
Net income added to retained earnings		11,694			8,766
Beginning retained earnings		39,406			30,640
Ending retained earnings	$	51,100		$	39,406

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.)

\begin{tabular}{|l|l|l|l|} \hline & & & \\ \hline 1. & Accounts receivable turnover & & \\ \hline 2. & Average collection period & & days \\ \hline 3. & Inventory turnover & & \\ \hline 4. & Average sale period & & days \\ \hline 5. & Operating cycle & & days \\ \hline 6. & Total asset turnover & & \\ \hline \end{tabular}