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 the year was $24. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,180		$	1,340
Accounts receivable, net		9,500			7,300
Inventory		12,600			11,300
Prepaid expenses		670			680
Total current assets		23,950			20,620
Property and equipment:
Land		10,200			10,200
Buildings and equipment, net		52,450			42,112
Total property and equipment		62,650			52,312
Total assets	$	86,600		$	72,932
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	20,400		$	18,700
Accrued liabilities		1,000			850
Notes payable, short term		280			280
Total current liabilities		21,680			19,830
Long-term liabilities:
Bonds payable		9,800			9,800
Total liabilities		31,480			29,630
Stockholders' equity:
Common stock		500			500
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,500			4,500
Retained earnings		50,620			38,802
Total stockholders' equity		55,120			43,302
Total liabilities and stockholders' equity	$	86,600		$	72,932

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	74,760		$	65,000
Cost of goods sold		35,850			34,000
Gross margin		38,910			31,000
Selling and administrative expenses:
Selling expenses		10,700			10,500
Administrative expenses		7,200			6,500
Total selling and administrative expenses		17,900			17,000
Net operating income		21,010			14,000
Interest expense		980			980
Net income before taxes		20,030			13,020
Income taxes		8,012			5,208
Net income		12,018			7,812
Dividends to common stockholders		200			250
Net income added to retained earnings		11,818			7,562
Beginning retained earnings		38,802			31,240
Ending retained earnings	$	50,620		$	38,802

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.)