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 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 companys common stock at the end of this year was $27. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands) This YearLast YearAssets Current assets: Cash$ 1,180$ 1,300Accounts receivable, net10,0007,000Inventory12,60010,700Prepaid expenses640540Total current assets24,42019,540Property and equipment: Land9,2009,200Buildings and equipment, net48,38941,271Total property and equipment57,58950,471Total assets$ 82,009$ 70,011Liabilities and Stockholders' Equity Current liabilities: Accounts payable$ 19,500$ 18,800Accrued liabilities1,060780Notes payable, short term220220Total current liabilities20,78019,800Long-term liabilities: Bonds payable9,4009,400Total liabilities30,18029,200Stockholders' equity: Common stock700700Additional paid-in capital4,0004,000Total paid-in capital4,7004,700Retained earnings47,12936,111Total stockholders' equity51,82940,811Total liabilities and stockholders' equity$ 82,009$ 70,011

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This YearLast YearSales$ 75,650$ 65,000Cost of goods sold37,28038,000Gross margin38,37027,000Selling and administrative expenses: Selling expenses11,50010,800Administrative expenses7,1006,600Total selling and administrative expenses18,60017,400Net operating income19,7709,600Interest expense940940Net income before taxes18,8308,660Income taxes7,5323,464Net income11,2985,196Dividends to common stockholders280525Net income added to retained earnings11,0184,671Beginning retained earnings36,11131,440Ending retained earnings$ 47,129$ 36,111

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.)