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 bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the company's common stock at the end of the year was $26. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets Cash $ 1,250 $ 1,260 Accounts receivable net 10,100 7,200 Inventory 12,700 10,800 Prepaid expenses 660 610 Total current assets 24,710 19,870 Property and equipment Land 10,100 10,100 Buildings and equipment, net 47374 37,938 Total property and equipment 57,474 48,038 Total assets $82,184 $67,908 Liabilities and Stockholders' Equity Current liabilities Accounts payable $18,600 $17.900 Accrued liabilities 1,080 890 Notes payable, short term 280 280 Total current liabilities 19,960 19,070 Long-term liabilities Bonds payable 9,700 9,700 Total liabilities 29,660 28,770 Stockholders' equity 600 Additional paid-in capital 4,000 4.000 Total paid-in capital 4,600 4,600 Retained earnings 47 924 34,538 Total stockholders' equity 52 524 39,138 Total liabilities and stockholders' equity $82 184 $67.908 Common stock 600 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $75,255 $65,000 Cost of goods sold 34,075 41,000 Gross margin 41,180 24,000 10,800 6,700 10.600 6.100 Selling and administrative expenses Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense 17,500 16,700 23,680 970 7.300 970 Net income before taxes Income taxes 22,710 9,084 6,330 2,532 13,626 240 3,798 600 Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earings 13,386 34 538 3,198 31,340 $47 924 $34,538 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.) Accounts receivable turnover 2 Average collection period (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places) Average collection period days 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.) Average sale penod days 5. Operating cycle. (Round your intermediate calculations and final answer to 2 decimal places.) Operating cycle days 6. Total asset turnover (Round your answer to 2 decimal places.) Total asset turnover