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 $28. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,250	$ 1,250
Accounts receivable, net	9,600	8,100
Inventory	12,500	11,500
Prepaid expenses	790	530
Total current assets	24,140	21,380
Property and equipment:
Land	10,900	10,900
Buildings and equipment, net	43,599	36,002
Total property and equipment	54,499	46,902
Total assets	$ 78,639	$ 68,282
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 20,200	$ 18,700
Accrued liabilities	1,080	860
Notes payable, short term	100	100
Total current liabilities	21,380	19,660
Long-term liabilities:
Bonds payable	9,300	9,300
Total liabilities	30,680	28,960
Stockholders' equity:
Common stock	600	600
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,600	4,600
Retained earnings	43,359	34,722
Total stockholders' equity	47,959	39,322
Total liabilities and stockholders' equity	$ 78,639	$ 68,282

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 75,225	$ 64,000
Cost of goods sold	42,000	39,000
Gross margin	33,225	25,000
Selling and administrative expenses:
Selling expenses	10,800	10,900
Administrative expenses	6,700	6,700
Total selling and administrative expenses	17,500	17,600
Net operating income	15,725	7,400
Interest expense	930	930
Net income before taxes	14,795	6,470
Income taxes	5,918	2,588
Net income	8,877	3,882
Dividends to common stockholders	240	600
Net income added to retained earnings	8,637	3,282
Beginning retained earnings	34,722	31,440
Ending retained earnings	$ 43,359	$ 34,722

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.)

1. Accounts receivable turnover
2. Average collection period		days
3. Inventory turnover
4. Average sale period		days
5. Operating cycle		days
6. Total asset turnover