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 the year was $24. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,170		$	1,230
Accounts receivable, net		10,800			7,800
Inventory		12,600			11,800
Prepaid expenses		710			670
Total current assets		25,280			21,500
Property and equipment:
Land		10,200			10,200
Buildings and equipment, net		55,568			41,558
Total property and equipment		65,768			51,758
Total assets	$	91,048		$	73,258
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	20,400		$	17,900
Accrued liabilities		910			890
Notes payable, short term		290			290
Total current liabilities		21,600			19,080
Long-term liabilities:
Bonds payable		9,200			9,200
Total liabilities		30,800			28,280
Stockholders' equity:
Common stock		600			600
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,600			4,600
Retained earnings		55,648			40,378
Total stockholders' equity		60,248			44,978
Total liabilities and stockholders' equity	$	91,048		$	73,258

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	84,630		$	66,000
Cost of goods sold		40,260			32,000
Gross margin		44,370			34,000
Selling and administrative expenses:
Selling expenses		10,800			10,200
Administrative expenses		6,800			6,900
Total selling and administrative expenses		17,600			17,100
Net operating income		26,770			16,900
Interest expense		920			920
Net income before taxes		25,850			15,980
Income taxes		10,340			6,392
Net income		15,510			9,588
Dividends to common stockholders		240			450
Net income added to retained earnings		15,270			9,138
Beginning retained earnings		40,378			31,240
Ending retained earnings	$	55,648		$	40,378

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.)

Accounts Receivable Turnover?

Average Collection Period? (days)

Inventory Turnover?

Average Sale Period? (days)

Operating Cycle? (days)

Total Asset Turnover?