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 $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	$ 1,130	$ 1,360
Accounts receivable, net	10,700	7,700
Inventory	13,600	11,300
Prepaid expenses	790	550
Total current assets	26,220	20,910
Property and equipment:
Land	9,200	9,200
Buildings and equipment, net	51,566	41,410
Total property and equipment	60,766	50,610
Total assets	$ 86,986	$ 71,520
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 18,600	$ 17,400
Accrued liabilities	1,060	850
Notes payable, short term	200	200
Total current liabilities	19,860	18,450
Long-term liabilities:
Bonds payable	10,000	10,000
Total liabilities	29,860	28,450
Stockholders' equity:
Common stock	500	500
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,500	4,500
Retained earnings	52,626	38,570
Total stockholders' equity	57,126	43,070
Total liabilities and stockholders' equity	$ 86,986	$ 71,520

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 82,800	$ 65,000
Cost of goods sold	39,840	34,000
Gross margin	42,960	31,000
Selling and administrative expenses:
Selling expenses	10,900	11,000
Administrative expenses	7,300	6,700
Total selling and administrative expenses	18,200	17,700
Net operating income	24,760	13,300
Interest expense	1,000	1,000
Net income before taxes	23,760	12,300
Income taxes	9,504	4,920
Net income	14,256	7,380
Dividends to common stockholders	200	250
Net income added to retained earnings	14,056	7,130
Beginning retained earnings	38,570	31,440
Ending retained earnings	$ 52,626	$ 38,570

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.)