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 bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the companys common stock at the end of the year was $21. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,140 $ 1,250 10,900 6,800 13,500 12,300 760 640 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 26,300 20,990 10,400 43,841 10,400 38,182 54,241 48,582 $80,541 $69,572 $20,100 $17,900 1,030 880 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable 200 200 21,330 18,980 9,800 9,800 31,130 28,780 600 4,000 600 4,000 Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 4,600 44,811 4,600 36,192 49,411 40,792 $80,541 $69,572 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $75,225 $65,000 Cost of goods sold 41,280 37,000 Gross margin 33,945 28,000 11,400 6,800 10,000 6,600 Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense 18,200 16,600 15,745 980 11,400 980 Net income before taxes Income taxes 14,765 5,906 10,420 4,168 Net income Dividends to common stockholders 8,859 240 6,252 600 8,619 36,192 Net income added to retained earnings Beginning retained earnings Ending retained earnings 5,652 30,540 $44,811 $36,192 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.) Accounts receivable turnover 2. Average collection period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) Average collection period days 3. Inventory turnover. (Round your answer to 2 decimal places.) Inventory turnover 4. Average sale period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) Average sale period days 5. Operating cycle. (Round your intermediate calculations and final answer to 2 decimal places.) Operating cycle days 6. Total asset turnover. (Round your answer to 2 decimal places.) Total asset turnover