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 $20. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,170	$ 1,350
Accounts receivable, net	10,900	8,000
Inventory	13,300	11,200
Prepaid expenses	750	610
Total current assets	26,120	21,160
Property and equipment:
Land	11,000	11,000
Buildings and equipment, net	52,775	35,513
Total property and equipment	63,775	46,513
Total assets	$ 89,895	$ 67,673
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 19,600	$ 18,000
Accrued liabilities	1,040	870
Notes payable, short term	210	210
Total current liabilities	20,850	19,080
Long-term liabilities:
Bonds payable	8,200	8,200
Total liabilities	29,050	27,280
Stockholders' equity:
Common stock	500	500
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,500	4,500
Retained earnings	56,345	35,893
Total stockholders' equity	60,845	40,393
Total liabilities and stockholders' equity	$ 89,895	$ 67,673

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 86,940	$ 64,000
Cost of goods sold	34,300	39,000
Gross margin	52,640	25,000
Selling and administrative expenses:
Selling expenses	10,900	10,200
Administrative expenses	6,500	6,100
Total selling and administrative expenses	17,400	16,300
Net operating income	35,240	8,700
Interest expense	820	820
Net income before taxes	34,420	7,880
Income taxes	13,768	3,152
Net income	20,652	4,728
Dividends to common stockholders	200	375
Net income added to retained earnings	20,452	4,353
Beginning retained earnings	35,893	31,540
Ending retained earnings	$ 56,345	$ 35,893

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.