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 $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	$ 1,210	$ 1,330
Accounts receivable, net	9,300	6,800
Inventory	12,900	11,300
Prepaid expenses	730	520
Total current assets	24,140	19,950
Property and equipment:
Land	10,400	10,400
Buildings and equipment, net	48,350	41,375
Total property and equipment	58,750	51,775
Total assets	$ 82,890	$ 71,725
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 19,600	$ 17,600
Accrued liabilities	1,050	820
Notes payable, short term	200	200
Total current liabilities	20,850	18,620
Long-term liabilities:
Bonds payable	9,000	9,000
Total liabilities	29,850	27,620
Stockholders' equity:
Common stock	500	500
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,500	4,500
Retained earnings	48,540	39,605
Total stockholders' equity	53,040	44,105
Total liabilities and stockholders' equity	$ 82,890	$ 71,725

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 74,865	$ 65,000
Cost of goods sold	41,140	33,000
Gross margin	33,725	32,000
Selling and administrative expenses:
Selling expenses	11,100	10,600
Administrative expenses	6,500	6,100
Total selling and administrative expenses	17,600	16,700
Net operating income	16,125	15,300
Interest expense	900	900
Net income before taxes	15,225	14,400
Income taxes	6,090	5,760
Net income	9,135	8,640
Dividends to common stockholders	200	375
Net income added to retained earnings	8,935	8,265
Beginning retained earnings	39,605	31,340
Ending retained earnings	$ 48,540	$ 39,605

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.)

\begin{tabular}{|c|c|} \hline 1. Accounts receivable turnover & \\ \hline 2. Average collection period & days \\ \hline 3. Inventory turnover & \\ \hline 4. Average sale period & days \\ \hline 5. Operating cycle & days \\ \hline 6. Total asset turnover & \\ \hline \end{tabular}