Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appeat below The company did not issue any new commoristock duing the year. A total of 700,000 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 $040 this year, The matket value of the company's common stock at the end of this year wos $27. All of the company's salos are on account. Weller Corporation Comparative Balance sheet (dollars in thousands) This Year Last Year Assets Curicent assets: Cash Accounts recoivable, net Inuentory Prepaid expenses Total current assets Property and equipeent: Land Buildings and equipeent, net Total property and equipment Total asset:s \begin{tabular}{rr} $1,230 & $1,330 \\ 10,800 & 7,600 \\ 13,400 & 10,900 \\ 640 & 640 \\ \hline 26,120 & 20,470 \\ \hline 9,309 & 9,360 \\ 48,584 & 40,968 \\ \hline 57,684 & 50,268 \\ \hline 534,604 & $70,738 \\ \hline \end{tabular} Liabidities and Stockhelders' Gquity Current liabilities Account payable Accrued liabilities Notes payable, short tero Total current liabilities Long-tern liabilitiest Bonds payable Total liabilities Stockholders' equity: Comnon stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholdens" equity Total liabilities and stockholders' equity Weller Corporation Comparative Incooe Stategent and heconciliation (dollars in thousands) Sales of goods sold Gaross marein selling and administrative expenses: Selling expenses Adainistrative expenses Total selling aod adeinistrative expenses tiet operatine incoren interest expence Net incene before taxes Ihicone taxes Net incose Dividends to cornon stochtolders let incore added to retained earnings feginning retained earnlnes tndine retained earnings \begin{tabular}{rc} This year & Last Yeac \\ 580,960 & 565,009 \\ 38,880 & 37,000 \\ \hline 42,980 & 28,000 \\ \hline 10,600 & 10,900 \\ 7,400 & 6,900 \\ \hline 18,000 & 17,800 \\ \hline 24,050 & 10,200 \\ 970 & 970 \\ \hline 21,110 & 9,270 \\ 9,244 & 3,692 \\ \hline 13,866 & 5,5711 \\ 200 & 350 \\ \hline 13,586 & 5,184 \\ 36,328 & 31,140 \\ \hline 549,914 & 516,378 \\ \hline \end{tabular} Required: Compute the following financial data for this year: 1. Accounts receivable tumover, (Assume that all sales are on account) (Round your answer to 2 decimal ploces.) 2. Average collection period. (Use 365 days in a year. Round your intermediote calculations and final answer to 2 decimal places.) 3. Imventory turnover. (Round your answer to 2 decimal places.) 4. Average sale petiod. (Use 365 days in a year. Round your intermediate colculations and final answer to 2 decimal places.) 5. Operating cycle. (Round your interme diate colculations ond final onswer to 2 decimol places.) 6. Total asset tumover. (Round your answer to 2 decimal ploces.)