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 company's common stock at the end of this year was $27. All of the company's sales are on account Meller Corporation Comparative Balance sheet (dollars in thousands) This Year Last Year Assets Current assets Cash $1,260 $1,340 Accounts receivable, net 9,400 8,100 Inventory 13,000 10,700 Prepaid expenses 690 670 Total current assets 24,350 20.810 Property and equipment Land 9,200 9.200 Buildings and equipment, net 47.554 37.867 Total property and equipment 56,756 47,067 Total assets $81,104 $67,877 Liabilities and Stockholders' Equity Current liabilities Accounts payable $20.000 $17,900 Accrued liabilities 1,090 740 Notes payable, short term 180 180 Total current liabilities 21,270 18,820 Long-term liabilities Bonds payable 9,800 9,800 Total liabilities 31,070 28,620 Stockholders' equity: Common stock 500 500 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,500 4,500 Retained earninga 45.534 34,757 Total stockholders' equity 50,034 39,257 Total liabilities and stockholders' equity $81,104 $67,877 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $78,750 $65,000 Cost of goods sold 41.475 39,000 Gross margin 37.275 26,000 Selling and administrative expenses: Selling expenses 11,100 20,700 Administrative expenses 6.900 7,000 Total welling and administrative expenses 18,000 17,700 Net operating income 19,275 8,300 Interest expense 980 980 Net Income before taxes 18,295 7,320 Income taxes 7,310 2,928 Net income 10,977 4,392 Dividends to common stockholders 200 375 Net income added to retained earnings 10,777 4,017 Beginning retained earnings 34,757 30. 740 Ending retained earnings $45,534 $34,757 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.) days Accounts receivable turnover 2 Average collection period a. Inventory turnover 4. Average sale period 5 Operating cyde 6. Total asset turnover days days