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 $25. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets

Assets
Current assets:
Cash	$ 1,170	$ 1,250
Accounts receivable, net	10,300	7,400
Inventory	12,800	11,100
Prepaid expenses	680	640
Total current assets	24,950	20,390
Property and equipment:
Land	9,200	9,200
Buildings and equipment, net	47,757	42,210
Total property and equipment	56,957	51,410
Total assets	$ 81,907	$ 71,800
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 20,400	$ 18,400
Accrued liabilities	1,100	760
Notes payable, short term	130	130
Total current liabilities	21,630	19,290
Long-term liabilities:
Bonds payable	8,500	8,500
Total liabilities	30,130	27,790
Stockholders' equity:
Common stock	600	600
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,600	4,600
Retained earnings	47,177	39,410
Total stockholders' equity	51,777	44,010
Total liabilities and stockholders' equity	$ 81,907	$ 71,800

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)

This Year	Last Year
Sales	$ 76,110
Cost of goods sold	44,215
Gross margin	31,895
Selling and administrative expenses:
Selling expenses	10,900
Administrative expenses	6,800
Total selling and administrative expenses	17,700
Net operating income	14,195
Interest expense	850
Net income before taxes	13,345
Income taxes	5,338
Net income	8,007
Dividends to common stockholders	240
Net income added to retained earnings	7,767
Beginning retained earnings	39,410
Ending retained earnings	$ 47,177

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 yourintermediate 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 yourintermediate 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.)