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 $0.75 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 Year			Last Year
Assets
Current assets:
Cash	$	1,140		$	1,240
Accounts receivable, net		9,500			7,800
Inventory		13,300			11,800
Prepaid expenses		730			610
Total current assets		24,670			21,450
Property and equipment:
Land		9,300			9,300
Buildings and equipment, net		50,784			38,162
Total property and equipment		60,084			47,462
Total assets	$	84,754		$	68,912
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	20,100		$	17,900
Accrued liabilities		1,000			850
Notes payable, short term		220			220
Total current liabilities		21,320			18,970
Long-term liabilities:
Bonds payable		8,300			8,300
Total liabilities		29,620			27,270
Stockholders' equity:
Common stock		500			500
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,500			4,500
Retained earnings		50,634			37,142
Total stockholders' equity		55,134			41,642
Total liabilities and stockholders' equity	$	84,754		$	68,912

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	81,310		$	65,000
Cost of goods sold		40,160			36,000
Gross margin		41,150			29,000
Selling and administrative expenses:
Selling expenses		10,500			10,400
Administrative expenses		7,000			6,100
Total selling and administrative expenses		17,500			16,500
Net operating income		23,650			12,500
Interest expense		830			830
Net income before taxes		22,820			11,670
Income taxes		9,128			4,668
Net income		13,692			7,002
Dividends to common stockholders		200			500
Net income added to retained earnings		13,492			6,502
Beginning retained earnings		37,142			30,640
Ending retained earnings	$	50,634		$	37,142

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.)

1.	Accounts receivable turnover
2.	Average collection period		days
3.	Inventory turnover
4.	Average sale period		days
5.	Operating cycle		days