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 $28. All of the companys sales are on account. 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.)

\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|l|}{\begin{tabular}{l} Weller Corporation \\ Comparative Balance Sheet \\ (dollars in thousands) \end{tabular}} \\ \hline & This Year & Last Year \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline \multicolumn{3}{|l|}{ Current assets: } \\ \hline Cash & $1,140 & $1,240 \\ \hline Accounts receivable, net & 9,800 & 6,700 \\ \hline Inventory & 13,80 & 12,0 \\ \hline Prepaid expenses & 630 & 66 \\ \hline Total current assets & 25,37 & 2,60 \\ \hline \multicolumn{3}{|l|}{ Property and equipment: } \\ \hline Land & 10,20 & 10,200 \\ \hline Buildings and equipment, net & 43,314 & 42,262 \\ \hline Total property and equipment & 53,514 & 52,462 \\ \hline Total assets & $78,884 & $73,062 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline \multicolumn{3}{|l|}{ Current liabilities: } \\ \hline Accounts payable & $18,70 & $19,200 \\ \hline Accrued liabilities & 950 & 82 \\ \hline Notes payable, short term & 140 & 140 \\ \hline Total current liabilities & 19,796 & 2,16 \\ \hline \multicolumn{3}{|l|}{ Long-term liabilities: } \\ \hline Bonds payable & 9,80 & 9,80 \\ \hline Total liabilities & 29,590 & 29,960 \\ \hline \multicolumn{3}{|l|}{ Stockholders' equity: } \\ \hline Common stock & 600 & 600 \\ \hline Additional paid-in capital & 4,00 & 4,0 \\ \hline Total paid-in capital & 4,600 & 4,600 \\ \hline Retained earnings & 44,694 & 38,502 \\ \hline Total stockholders' equity & 49,294 & 43,102 \\ \hline Total liabilities and stockholders' equity & $78,884 & $73,062 \\ \hline \begin{tabular}{c} Weller Corporation \\ Comparative Income Statement and Reconcili \\ (dollars in thousands) \end{tabular} & liation & \\ \hline & This Year & Last Year \\ \hline Sales & $74,25 & $65,000 \\ \hline Cost of goods sold & 45,150 & 34,000 \\ \hline Gross margin & 29,100 & 31,0 \\ \hline Selling and administrative expenses: & & \\ \hline Selling expenses & 10,70 & 10,80 \\ \hline Administrative expenses & 6,700 & 6,200 \\ \hline Total selling and administrative expenses & 17,40 & 17,0 \\ \hline Net operating income & 11,700 & 14,000 \\ \hline Interest expense & 980 & 980 \\ \hline Net income before taxes & 10,72 & 13,02 \\ \hline Income taxes & 4,288 & 5,208 \\ \hline Net income & 6,432 & 7,812 \\ \hline Dividends to common stockholders & 24 & 450 \\ \hline Net income added to retained earnings & 6,192 & 7,362 \\ \hline Beginning retained earnings & 38,502 & 31,14 \\ \hline Ending retained earnings & $44,694 & $38,502 \\ \hline \end{tabular}