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 this year was $21. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,140		$	1,400
Accounts receivable, net		9,400			6,500
Inventory		13,600			11,000
Prepaid expenses		620			510
Total current assets		24,760			19,410
Property and equipment:
Land		9,700			9,700
Buildings and equipment, net		44,959			38,614
Total property and equipment		54,659			48,314
Total assets	$	79,419		$	67,724
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,700		$	17,700
Accrued liabilities		1,070			870
Notes payable, short term		110			110
Total current liabilities		20,880			18,680
Long-term liabilities:
Bonds payable		8,600			8,600
Total liabilities		29,480			27,280
Stockholders' equity:
Common stock		600			600
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,600			4,600
Retained earnings		45,339			35,844
Total stockholders' equity		49,939			40,444
Total liabilities and stockholders' equity	$	79,419		$	67,724

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	70,755		$	66,000
Cost of goods sold		35,670			39,000
Gross margin		35,085			27,000
Selling and administrative expenses:
Selling expenses		10,700			10,800
Administrative expenses		7,300			7,000
Total selling and administrative expenses		18,000			17,800
Net operating income		17,085			9,200
Interest expense		860			860
Net income before taxes		16,225			8,340
Income taxes		6,490			3,336
Net income		9,735			5,004
Dividends to common stockholders		240			600
Net income added to retained earnings		9,495			4,404
Beginning retained earnings		35,844			31,440
Ending retained earnings	$	45,339		$	35,844

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.)