Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue bny new common stock during 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 $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $25. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $1,210 10,200 12,600 770 24.200 $ 1,310 6.800 11,500 590 20,200 9,400 42,683 57,083 501,863 9.400 40,280 49,680 $69,880 Assets Current to Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment Land Building and equipment, not Total property and equipment Total auta Liabilities and stockholders' Equity current liabilities Nccounts payable Moored liabilition Notes payable, short term Total current abilitlen Long-term liabilities Donde payable Total llabilities Stockholders' equity Common stock Ndditional paid in capital Total paid-in capital Retained aninge Total stockholders equity Zotal liabilities and stockholdere oguity $20,300 930 120 21,350 $17.900 720 120 10,740 9200 30.550 9200 27,940 700 4,000 4.700 46.612 51,313 01.063 700 4.000 4.700 37.240 41.94 69,00 This Year Last Year $72,250 $66,000 37,355 36,000 34,895 30,000 Sales Cost of goods sold Gross margin Selling and administrative expenses Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to conon stockholders Net income added to retained earnings Beginning retained earnings Ending retained earninga 10,700 7,200 17,900 16,995 920 16,075 6,430 9,645 280 9.365 37,248 $46,613 10,500 6,400 16,900 13,100 920 12,180 4,872 7.208 700 6,608 30, 640 $37248 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.) days 1 Accounts receivablo turnover 2. Average collection period 3. Inventory tumover 4 Average sale period 5. Operating cycle 6 Total asset turnover days daye