Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 $1.25 last year and $0.90 this year. The market value of the companys common stock at the end of the year was $25. All of the companys sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $ 1,190 $ 1,330 Accounts receivable, net 10,000 8,100 Inventory 13,400 12,500 Prepaid expenses 710 580 Total current assets 25,300 22,510 Property and equipment: Land 10,800 10,800 Buildings and equipment, net 45,996 35,048 Total property and equipment 56,796 45,848 Total assets $ 82,096 $ 68,358 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 19,500 $ 18,400 Accrued liabilities 920 810 Notes payable, short term 240 240 Total current liabilities 20,660 19,450 Long-term liabilities: Bonds payable 8,700 8,700 Total liabilities 29,360 28,150 Stockholders' equity: Common stock 600 600 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,600 4,600 Retained earnings 48,136 35,608 Total stockholders' equity 52,736 40,208 Total liabilities and stockholders' equity $ 82,096 $ 68,358 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 85,975 $ 66,000 Cost of goods sold 45,325 39,000 Gross margin 40,650 27,000 Selling and administrative expenses: Selling expenses 11,100 10,500 Administrative expenses 6,900 6,600 Total selling and administrative expenses 18,000 17,100 Net operating income 22,650 9,900 Interest expense 870 870 Net income before taxes 21,780 9,030 Income taxes 8,712 3,612 Net income 13,068 5,418 Dividends to common stockholders 540 750 Net income added to retained earnings 12,528 4,668 Beginning retained earnings 35,608 30,940 Ending retained earnings $ 48,136 $ 35,608 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.)