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 bond payable was $10\%,$ the income tax rate was $40\%,$ and the dividend per share of common stock was $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year. The market value of the company$$s common stock at the end of this year was $$25.$ 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 $ $1,150$ $ $1,270$

Accounts receivable, net $10,8006,900$

Inventory $13,00012,400$

Prepaid expenses $640540$

Total current assets $25,59021,110$

Property and equipment:

Land $9,0009,000$

Buildings and equipment, net $47,28436,219$

Total property and equipment $56,28445,219$

Total assets $ $81,874$ $ $66,329$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $20,100$ $ $18,000$

Accrued liabilities $970810$

Notes payable, short term $290290$

Total current liabilities $21,36019,100$

Long$-$term liabilities:

Bonds payable $8,6008,600$

Total liabilities $29,96027,700$

Stockholders' equity:

Common stock $500500$

Additional paid$-$in capital $4,0004,000$

Total paid$-$in capital $4,5004,500$

Retained earnings $47,41434,129$

Total stockholders' equity $51,91438,629$

Total liabilities and stockholders' equity $ $81,874$ $ $66,329$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $78,765$ $ $65,000$

Cost of goods sold $36,83041,000$

Gross margin $41,93524,000$

Selling and administrative expenses:

Selling expenses $11,40011,000$

Administrative expenses $7,2006,700$

Total selling and administrative expenses $18,60017,700$

Net operating income $23,3356,300$

Interest expense $860860$

Net income before taxes $22,4755,440$

Income taxes $8,9902,176$

Net income $13,4853,264$

Dividends to common stockholders $200375$

Net income added to retained earnings $13,2852,889$

Beginning retained earnings $34,12931,240$

Ending retained earnings $ $47,414$ $ $34,129$

Required:

Compute the following financial data for this year:

$1.$Accounts receivable turnover. $($Assume all sales are on account.$)$

Note: Round your answer to $2$ decimal places.

$2.$Average collection period.

Note: Use $365$ days in a year. Round your intermediate calculations and final answer to $2$ decimal places.

$3.$Inventory turnover.

Note: Round your answer to $2$ decimal places.

$4.$verage sale period.

Note: Use $365$ days in a year. Round your intermediate calculations and final answer to $2$ decimal places.

$5.$Operating cycle.

Note: Round your intermediate calculations and final answer to $2$ decimal places.

$6.$Total asset turnover.

Note: Round your answer to $2$ decimal places.