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 700,000 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 $27. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,150	$ 1,210
Accounts receivable, net	10,300	7,400
Inventory	13,500	11,500
Prepaid expenses	780	630
Total current assets	25,730	20,740
Property and equipment:
Land	10,100	10,100
Buildings and equipment, net	49,298	34,942
Total property and equipment	59,398	45,042
Total assets	$ 85,128	$ 65,782
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 19,200	$ 17,800
Accrued liabilities	1,080	770
Notes payable, short term	150	150
Total current liabilities	20,430	18,720
Long-term liabilities:
Bonds payable	8,300	8,300
Total liabilities	28,730	27,020
Stockholders' equity:
Common stock	700	700
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,700	4,700
Retained earnings	51,698	34,062
Total stockholders' equity	56,398	38,762
Total liabilities and stockholders' equity	$ 85,128	$ 65,782

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 83,190	$ 65,000
Cost of goods sold	35,000	40,000
Gross margin	48,190	25,000
Selling and administrative expenses:
Selling expenses	11,000	10,400
Administrative expenses	6,500	6,900
Total selling and administrative expenses	17,500	17,300
Net operating income	30,690	7,700
Interest expense	830	830
Net income before taxes	29,860	6,870
Income taxes	11,944	2,748
Net income	17,916	4,122
Dividends to common stockholders	280	700
Net income added to retained earnings	17,636	3,422
Beginning retained earnings	34,062	30,640
Ending retained earnings	$ 51,698	$ 34,062

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.)

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.)