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 $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	$ 1,110	$ 1,300
Accounts receivable, net	9,300	8,100
Inventory	12,000	11,600
Prepaid expenses	750	580
Total current assets	23,160	21,580
Property and equipment:
Land	10,300	10,300
Buildings and equipment, net	48,169	36,519
Total property and equipment	58,469	46,819
Total assets	$ 81,629	$ 68,399
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 18,600	$ 18,000
Accrued liabilities	940	750
Notes payable, short term	170	170
Total current liabilities	19,710	18,920
Long-term liabilities:
Bonds payable	9,600	9,600
Total liabilities	29,310	28,520
Stockholders' equity:
Common stock	700	700
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,700	4,700
Retained earnings	47,619	35,179
Total stockholders' equity	52,319	39,879
Total liabilities and stockholders' equity	$ 81,629	$ 68,399

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 78,300	$ 65,000
Cost of goods sold	38,940	39,000
Gross margin	39,360	26,000
Selling and administrative expenses:
Selling expenses	10,500	10,600
Administrative expenses	6,700	7,000
Total selling and administrative expenses	17,200	17,600
Net operating income	22,160	8,400
Interest expense	960	960
Net income before taxes	21,200	7,440
Income taxes	8,480	2,976
Net income	12,720	4,464
Dividends to common stockholders	280	525
Net income added to retained earnings	12,440	3,939
Beginning retained earnings	35,179	31,240
Ending retained earnings	$ 47,619	$ 35,179

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. Roundyour 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 yourintermediate 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.)

\begin{tabular}{|l|l|l|} \hline 1. Accounts receivable turnover & & \\ \hline 2. Average collection period & & days \\ \hline 3. Inventory turnover & & \\ \hline 4. Average sale period & & days \\ \hline 5. Operating cycle & & days \\ \hline 6. Total asset turnover & & \\ \hline \end{tabular}