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 $0.75 last year and $0.40 this year. The market value of the companys common stock at the end of this 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	$ 1,260	$ 1,290
Accounts receivable, net	10,900	8,000
Inventory	13,200	12,100
Prepaid expenses	740	690
Total current assets	26,100	22,080
Property and equipment:
Land	9,600	9,600
Buildings and equipment, net	49,728	37,820
Total property and equipment	59,328	47,420
Total assets	$ 85,428	$ 69,500
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 19,000	$ 19,000
Accrued liabilities	1,000	840
Notes payable, short term	160	160
Total current liabilities	20,160	20,000
Long-term liabilities:
Bonds payable	8,500	8,500
Total liabilities	28,660	28,500
Stockholders' equity:
Common stock	600	600
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,600	4,600
Retained earnings	52,168	36,400
Total stockholders' equity	56,768	41,000
Total liabilities and stockholders' equity	$ 85,428	$ 69,500

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 82,215	$ 65,000
Cost of goods sold	36,685	37,000
Gross margin	45,530	28,000
Selling and administrative expenses:
Selling expenses	11,100	11,000
Administrative expenses	6,900	6,300
Total selling and administrative expenses	18,000	17,300
Net operating income	27,530	10,700
Interest expense	850	850
Net income before taxes	26,680	9,850
Income taxes	10,672	3,940
Net income	16,008	5,910
Dividends to common stockholders	240	450
Net income added to retained earnings	15,768	5,460
Beginning retained earnings	36,400	30,940
Ending retained earnings	$ 52,168	$ 36,400

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.)