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 $28. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,120		$	1,290
Accounts receivable, net		10,100			7,200
Inventory		13,800			11,000
Prepaid expenses		650			670
Total current assets		25,670			20,160
Property and equipment:
Land		9,300			9,300
Buildings and equipment, net		44,424			42,092
Total property and equipment		53,724			51,392
Total assets	$	79,394		$	71,552
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,700		$	17,600
Accrued liabilities		1,060			790
Notes payable, short term		230			230
Total current liabilities		20,990			18,620
Long-term liabilities:
Bonds payable		8,800			8,800
Total liabilities		29,790			27,420
Stockholders' equity:
Common stock		600			600
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,600			4,600
Retained earnings		45,004			39,532
Total stockholders' equity		49,604			44,132
Total liabilities and stockholders' equity	$	79,394		$	71,552

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	76,120		$	66,000
Cost of goods sold		47,120			32,000
Gross margin		29,000			34,000
Selling and administrative expenses:
Selling expenses		11,200			10,700
Administrative expenses		7,400			6,600
Total selling and administrative expenses		18,600			17,300
Net operating income		10,400			16,700
Interest expense		880			880
Net income before taxes		9,520			15,820
Income taxes		3,808			6,328
Net income		5,712			9,492
Dividends to common stockholders		240			600
Net income added to retained earnings		5,472			8,892
Beginning retained earnings		39,532			30,640
Ending retained earnings	$	45,004		$	39,532

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.)