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 $29. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands) This YearLast YearAssets Current assets: Cash$ 1,220$ 1,220Accounts receivable, net10,0007,300Inventory13,10011,400Prepaid expenses780550Total current assets25,10020,470Property and equipment: Land10,00010,000Buildings and equipment, net45,19941,698Total property and equipment55,19951,698Total assets$ 80,299$ 72,168Liabilities and Stockholders' Equity Current liabilities: Accounts payable$ 18,700$ 18,200Accrued liabilities920720Notes payable, short term150150Total current liabilities19,77019,070Long-term liabilities: Bonds payable9,7009,700Total liabilities29,47028,770Stockholders' equity: Common stock600600Additional paid-in capital4,0004,000Total paid-in capital4,6004,600Retained earnings46,22938,798Total stockholders' equity50,82943,398Total liabilities and stockholders' equity$ 80,299$ 72,168

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This YearLast YearSales$ 75,255$ 64,000Cost of goods sold44,10033,000Gross margin31,15531,000Selling and administrative expenses: Selling expenses10,90010,300Administrative expenses6,5006,300Total selling and administrative expenses17,40016,600Net operating income13,75514,400Interest expense970970Net income before taxes12,78513,430Income taxes5,1145,372Net income7,6718,058Dividends to common stockholders240300Net income added to retained earnings7,4317,758Beginning retained earnings38,79831,040Ending retained earnings$ 46,229$ 38,798

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.)