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 \$21. 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) This Year Last Year Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-n capital Total paid-in capital Retained earnings Total stockholders' equity Total Iiabilities and stockholders' equity \begin{tabular}{rr} $1,150 & $1,400 \\ 10,800 & 7,600 \\ 13,700 & 10,700 \\ 690 & 570 \\ \hline 26,340 & 20,270 \\ \hline 9,900 & 9,900 \\ 51,900 & 37,332 \\ \hline 61,800 & 47,232 \\ \hline$88,140 & $67,502 \\ \hline \end{tabular} \begin{tabular}{rr} $20,100 & $17,900 \\ 1,080 & 720 \\ 160 & 160 \\ \hline 21,340 & 18,780 \\ 8,300 & 8,300 \\ \hline 29,640 & 27,980 \\ \hline 600 & 600 \\ 4,000 & 4,000 \\ \hline 4,600 & 4,600 \\ 53,900 & 35,822 \\ \hline 58,500 & 40,422 \\ \hline$88,140 & $67,502 \\ \hline \end{tabular}