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 500,000 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	$	1,180		$	1,250
Accounts receivable, net		10,800			8,200
Inventory		12,500			11,400
Prepaid expenses		740			520
Total current assets		25,220			21,370
Property and equipment:
Land		9,500			9,500
Buildings and equipment, net		53,544			41,459
Total property and equipment		63,044			50,959
Total assets	$	88,264		$	72,329
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	18,600		$	18,900
Accrued liabilities		980			880
Notes payable, short term		290			290
Total current liabilities		19,870			20,070
Long-term liabilities:
Bonds payable		9,100			9,100
Total liabilities		28,970			29,170
Stockholders' equity:
Common stock		500			500
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,500			4,500
Retained earnings		54,794			38,659
Total stockholders' equity		59,294			43,159
Total liabilities and stockholders' equity	$	88,264		$	72,329

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	90,250		$	66,000
Cost of goods sold		44,215			35,000
Gross margin		46,035			31,000
Selling and administrative expenses:
Selling expenses		10,800			10,300
Administrative expenses		7,100			6,300
Total selling and administrative expenses		17,900			16,600
Net operating income		28,135			14,400
Interest expense		910			910
Net income before taxes		27,225			13,490
Income taxes		10,890			5,396
Net income		16,335			8,094
Dividends to common stockholders		200			375
Net income added to retained earnings		16,135			7,719
Beginning retained earnings		38,659			30,940
Ending retained earnings	$	54,794		$	38,659

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.)