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 $25. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands) This YearLast YearAssets Current assets: Cash$ 1,190$ 1,320Accounts receivable, net10,3007,300Inventory13,80010,700Prepaid expenses720700Total current assets26,01020,020Property and equipment: Land9,1009,100Buildings and equipment, net46,40840,049Total property and equipment55,50849,149Total assets$ 81,518$ 69,169Liabilities and Stockholders' Equity Current liabilities: Accounts payable$ 18,800$ 18,500Accrued liabilities910740Notes payable, short term100100Total current liabilities19,81019,340Long-term liabilities: Bonds payable9,1009,100Total liabilities28,91028,440Stockholders' equity: Common stock700700Additional paid-in capital4,0004,000Total paid-in capital4,7004,700Retained earnings47,90836,029Total stockholders' equity52,60840,729Total liabilities and stockholders' equity$ 81,518$ 69,169

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This YearLast YearSales$ 79,200$ 65,000Cost of goods sold40,42538,000Gross margin38,77527,000Selling and administrative expenses: Selling expenses10,90010,500Administrative expenses6,7006,400Total selling and administrative expenses17,60016,900Net operating income21,17510,100Interest expense910910Net income before taxes20,2659,190Income taxes8,1063,676Net income12,1595,514Dividends to common stockholders280525Net income added to retained earnings11,8794,989Beginning retained earnings36,02931,040Ending retained earnings$ 47,908$ 36,029

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.)