Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The compary did not issue any new common stock during the year A fotal 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 $075 last year and $0.40 this yeat. The market value of the company's common stock ot the end of this year was $20. All of the company's sales are on account. Eonds payable Total liabilities Stockholders" equity: Connon stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders" equity \begin{tabular}{rr} 8,300 & 8,369 \\ \hline 29,860 & 28,490 \\ \hline \end{tabular} Meller Corporation Conparative Incame Statenent and Reconcllation (dollars in thousands) Sales Cost of goods sold Gross margin 5elling and administrative expenses! Selling expenses Adeinistrative expenses Total selling and adninistrative expenses Het operating Incone Thterest expense Het Incone befare taxes Income taxes. Wiet income Divldends to connon stockholders Net incone added to retained earnings Deginning retalned earnings Ending retained rarninys 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 decimol 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 colculations and final answer to 2 decimal places.) 5. Operating cycle. (Round your intermediate calculations and final onswer to 2 decimal ploces.) 6. Total asset turnover. (Round your answer to 2 decimol places.)