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 So 40 this year. The market value of the company's common stock at the end of this year was $27. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,100 9,200 12,500 740 23,540 $ 1,260 7,700 11,700 610 21,270 10,400 44,241 54,641 578,181 10,400 37,254 47,654 $ 68,924 Assets Current assetst Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current Habilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total Habilities Stockholders' equity! Connon stock Additional paid in capital Total paid in capital Retained earnings Total stockholders' equity Total Itabilities and stockholders' equity $ 19,000 910 200 20, 110 $ 18,000 780 200 10,93e 8,100 28,210 8.100 27,000 600 4.000 4,600 45,371 49,921 $ 75,181 600 4,000 4,600 37, 244 41,844 $ 63,924 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 75,205 $ 64,000 Cost of goods sold 42,350 35,000 Gross margin 32,855 29,000 Selling and administrative expenses: Selling expenses 11,400 10,500 Administrative expenses 6.700 6,600 Total selling and administrative expenses 18,100 17,100 Net operating income 14,755 11,900 Interest expense 810 819 Net income before taxes 13,945 11,090 Income taxes 5.578 4,436 Net income 8,367 6,654 Dividends to common stockholders 240 450 Net income added to retained earnings 8,127 6,284 Beginning retained earnings 37,244 31,840 Ending retained earnings $ 45,371 $ 37,244 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.) days 1 Accounts receivable turnover 2 Average collection period 3. Inventory tumover 4. Average sale period 5. Operating cycle 6. Total asset turnover days days