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 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 company's common stock at the end of the year was $28. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses 1,230 $ 1,360 9,2006 ,800 14,000 10,800 700 690 Total current assets 25,130 19,650 Property and equipment: Land Buildings and equipment, net 10,200 43,348 10.200 36,346 Total property and equipment 53,548 46,546 Total assets $78,678 $ 66,196 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $20,100 1,000 210 $ 17,500 770 210 Total current liabilities Long-term liabilities: Bonds payable 21,310 9,400 18,480 9,400 Total liabilities 30,710 27,880 Stockholders' equity: Common stock Additional paid-in capital 500 4,000 500 4,000 Total paid-in capital Retained earnings 4,500 43,468 4,500 33,816 Total stockholders' equity 47,968 38,316 Total liabilities and stockholders' equity $ 78,678 $66,196 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $73,600 $ 64,000 Cost of goods sold 38,440 41,000 Gross margin 35,160 23,000 Selling and administrative expenses: Selling expenses Administrative expenses 10,900 6,900 10,700 6,400 Total selling and administrative expenses 17,800 17,100 Net operating income Interest expense 17,360 940 SOU 5,900 940 Net income before taxes Income taxes 16,420 6,568 4,960 1,984 Net income Dividends to common stockholders 9,852 200 2,976 500 Net income added to retained earnings Beginning retained earnings 9,652 33,816 2,476 31,340 Ending retained earnings $43,468 $33,816 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 i I 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