Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 $0.50. The market value of the companys common stock at the end of the year was $23. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,240		$	1,220
Accounts receivable, net		9,600			8,100
Inventory		12,800			10,700
Prepaid expenses		640			590
Total current assets		24,280			20,610
Property and equipment:
Land		9,200			9,200
Buildings and equipment, net		53,213			41,740
Total property and equipment		62,413			50,940
Total assets	$	86,693		$	71,550
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,000		$	17,900
Accrued liabilities		1,080			820
Notes payable, short term		120			120
Total current liabilities		20,200			18,840
Long-term liabilities:
Bonds payable		9,000			9,000
Total liabilities		29,200			27,840
Stockholders' equity:
Common stock		700			700
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,700			4,700
Retained earnings		52,793			39,010
Total stockholders' equity		57,493			43,710
Total liabilities and stockholders' equity	$	86,693		$	71,550

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	82,305		$	65,000
Cost of goods sold		39,950			34,000
Gross margin		42,355			31,000
Selling and administrative expenses:
Selling expenses		10,900			10,900
Administrative expenses		7,000			6,000
Total selling and administrative expenses		17,900			16,900
Net operating income		24,455			14,100
Interest expense		900			900
Net income before taxes		23,555			13,200
Income taxes		9,422			5,280
Net income		14,133			7,920
Dividends to common stockholders		350			350
Net income added to retained earnings		13,783			7,570
Beginning retained earnings		39,010			31,440
Ending retained earnings	$	52,793		$	39,010

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.)