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 $26. 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 $ 1,090 10,900 13,400 770 $ 1,390 7,000 11,300 690 Total current assets 26,160 20,380 Property and equipment: Land Buildings and equipment, net 10,400 40,964 10,400 37,645 Total property and equipment 51,364 48,045 Total assets $77,524 $68,425 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $ 18,000 $19,400 1,080 280 870 280 20,760 19,150 Total current liabilities Long-term liabilities: Bonds payable 9,000 9,000 Total liabilities 29,760 28,150 Stockholders' equity: Common stock Additional paid-in capital 500 4,000 500 4,000 Total paid-in capital Retained earnings 4,500 43,264 4,500 35,775 Total stockholders' equity 47,764 40,275 Total liabilities and stockholders' equity $ 77,524 $68,425 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 76,075 $ 65,000 Cost of goods sold 44,460 39,000 Gross margin 31,615 26,000 Selling and administrative expenses: Selling expenses Administrative expenses 11,400 6,500 10,600 6,400 Total selling and administrative expenses 17,900 17,000 Net operating income Interest expense 13,7159,000 900 900 Net income before taxes Income taxes 12,815 5,126 8,100 3,240 Net income Dividends to common stockholders 7,689 200 4,860 625 Net income added to retained earnings Beginning retained earnings 7,489 35,775 4,235 31,540 Ending retained earnings $43,264 $35,775 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 days 5. Operating cycle. (Round your intermediate calculations and final answer to 2 decimal places.) Operating cycle days days 6. Total asset turnover. (Round your answer to 2 decimal places.) Total asset turnover