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 500,000 shares of common stock were outstanding. The interest rate on the bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the companys common stock at the end of the year was $27. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,240		$	1,220
Accounts receivable, net		10,500			8,200
Inventory		12,000			12,300
Prepaid expenses		610			620
Total current assets		24,350			22,340
Property and equipment:
Land		10,500			10,500
Buildings and equipment, net		48,233			38,839
Total property and equipment		58,733			49,339
Total assets	$	83,083		$	71,679
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	18,800		$	19,400
Accrued liabilities		1,060			760
Notes payable, short term		220			220
Total current liabilities		20,080			20,380
Long-term liabilities:
Bonds payable		9,600			9,600
Total liabilities		29,680			29,980
Stockholders' equity:
Common stock		500			500
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,500			4,500
Retained earnings		48,903			37,199
Total stockholders' equity		53,403			41,699
Total liabilities and stockholders' equity	$	83,083		$	71,679

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	80,410		$	66,000
Cost of goods sold		41,310			36,000
Gross margin		39,100			30,000
Selling and administrative expenses:
Selling expenses		11,300			10,600
Administrative expenses		7,000			6,800
Total selling and administrative expenses		18,300			17,400
Net operating income		20,800			12,600
Interest expense		960			960
Net income before taxes		19,840			11,640
Income taxes		7,936			4,656
Net income		11,904			6,984
Dividends to common stockholders		200			625
Net income added to retained earnings		11,704			6,359
Beginning retained earnings		37,199			30,840
Ending retained earnings	$	48,903		$	37,199

Required Caml ealowin tncia cea or tia yr 1. Accounts receivable turnover. (Assume that all sales are on account.) (Round your answer to 2 decimal places.) Accounts recaivable mover 2. Average collection period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) Average collection period days 3. Inventory turnover. (Round your answer to 2 decimal places.) nventory turnover 4. Average sale period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) Average sale period your intermediate calculations and final Operating cycle days 6. Total asset turnover. (Round your answer to 2 decimal places.) Total asset turnover