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 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 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 $ 1,090 $ 1,370 Accounts receivable, net 10,300 7,400 Inventory 13,800 12,200 Prepaid expenses 700 670 Total current assets 25,890 21,640 Property and equipment: Land 10,400 10,400 Buildings and equipment, net 43,913 39,588 Total property and equipment 54,313 49,988 Total assets $ 80,203 $ 71,628 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 19,600 $ 17,500 Accrued liabilities 910 730 Notes payable, short term 120 120 Total current liabilities 20,630 18,350 Long-term liabilities: Bonds payable 8,700 8,700 Total liabilities 29,330 27,050 Stockholders' equity: Common stock 500 500 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,500 4,500 Retained earnings 46,373 40,078 Total stockholders' equity 50,873 44,578 Total liabilities and stockholders' equity $ 80,203 $ 71,628 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 76,995 $ 66,000 Cost of goods sold 46,800 32,000 Gross margin 30,195 34,000 Selling and administrative expenses: Selling expenses 11,200 10,900 Administrative expenses 7,300 6,500 Total selling and administrative expenses 18,500 17,400 Net operating income 11,695 16,600 Interest expense 870 870 Net income before taxes 10,825 15,730 Income taxes 4,330 6,292 Net income 6,495 9,438 Dividends to common stockholders 200 500 Net income added to retained earnings 6,295 8,938 Beginning retained earnings 40,078 31,140 Ending retained earnings $ 46,373 $ 40,078 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.)