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 $075 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $22. All of the company's sales are on account 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.) Weller Corporation Comparative Balance Sheet (dollars in thousands) Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses. Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipnent Total assets Liabilities and Stockholders 'Equity This Year Last Year Current liabilities: Accounts payable Accrued Habilities Notes payable, short term Total current labilities Long-tern liabilities: bonds payable Total liabilities Stockholders' equity: Comnon stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total Ifabilities and stockholders' equity \begin{tabular}{rr} $1,120 & $1,360 \\ 9,500 & 7,200 \\ 12,800 & 11,500 \\ 610 & 560 \\ \hline 24,030 & 20,620 \\ \hline 10,600 & 10,600 \\ 47,888 & 36,696 \\ \hline 58,488 & 47,296 \\ \hline$82,518 & $67,916 \\ \hline \end{tabular} \begin{tabular}{rr} $20,300 & 518,360 \\ 990 & 826 \\ 290 & 290 \\ \hline 21,580 & 19,410 \\ 9,900 & 9,900 \\ \hline 31,480 & 29,310 \\ \hline 600 & 6e0 \\ 4,900 & 4,6e0 \\ \hline 4,690 & 4,600 \\ 46,438 & 34,ee6 \\ \hline 51,038 & 38,666 \\ \hline$82,518 & $67,916 \\ \hline \end{tabular}