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 500,000 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. The market value of the companys common stock at the end of the year was $29. 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 $ 1,290 Accounts receivable, net 11,000 7,300 Inventory 13,200 11,000 Prepaid expenses 630 520 Total current assets 25,940 20,110 Property and equipment: Land 10,200 10,200 Buildings and equipment, net 53,836 39,087 Total property and equipment 64,036 49,287 Total assets $ 89,976 $ 69,397 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 20,100 $ 18,500 Accrued liabilities 910 780 Notes payable, short term 140 140 Total current liabilities 21,150 19,420 Long-term liabilities: Bonds payable 9,800 9,800 Total liabilities 30,950 29,220 Stockholders' equity: Common stock 500 500 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,500 4,500 Retained earnings 54,526 35,677 Total stockholders' equity 59,026 40,177 Total liabilities and stockholders' equity $ 89,976 $ 69,397

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 86,010 $ 64,000 Cost of goods sold 35,090 37,000 Gross margin 50,920 27,000 Selling and administrative expenses: Selling expenses 10,600 10,300 Administrative expenses 7,300 6,700 Total selling and administrative expenses 17,900 17,000 Net operating income 33,020 10,000 Interest expense 980 980 Net income before taxes 32,040 9,020 Income taxes 12,816 3,608 Net income 19,224 5,412 Dividends to common stockholders 375 375 Net income added to retained earnings 18,849 5,037 Beginning retained earnings 35,677 30,640 Ending retained earnings $ 54,526 $ 35,677

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.)