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

Weller Corporation Comparative Balance Sheet (dollars in thousands)This YearLast YearAssetsCurrent assets:Cash$ 1,180$ 1,270Accounts receivable, net10,2007,900Inventory13,40012,500Prepaid expenses660690Total current assets25,44022,360Property and equipment:Land9,1009,100Buildings and equipment, net44,96438,300Total property and equipment54,06447,400Total assets$ 79,504$ 69,760Liabilities and Stockholders' EquityCurrent liabilities:Accounts payable$ 18,600$ 17,900Accrued liabilities1,100840Notes payable, short term210210Total current liabilities19,91018,950Long-term liabilities:Bonds payable9,0009,000Total liabilities28,91027,950Stockholders' equity:Common stock600600Additional paid-in capital4,0004,000Total paid-in capital4,6004,600Retained earnings45,99437,210Total stockholders' equity50,59441,810Total liabilities and stockholders' equity$ 79,504$ 69,760

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)This YearLast YearSales$ 82,355$ 64,000Cost of goods sold47,91536,000Gross margin34,44028,000Selling and administrative expenses:Selling expenses11,40010,400Administrative expenses7,1006,000Total selling and administrative expenses18,50016,400Net operating income15,94011,600Interest expense900900Net income before taxes15,04010,700Income taxes6,0164,280Net income9,0246,420Dividends to common stockholders240450Net income added to retained earnings8,7845,970Beginning retained earnings37,21031,240Ending retained earnings$ 45,994$ 37,210

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.)