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 $1.00 last year and $0.65 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	$	1,250		$	1,220
Accounts receivable, net		10,400			7,100
Inventory		13,000			10,700
Prepaid expenses		760			560
Total current assets		25,410			19,580
Property and equipment:
Land		10,200			10,200
Buildings and equipment, net		47,448			38,254
Total property and equipment		57,648			48,454
Total assets	$	83,058		$	68,034
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,200		$	18,400
Accrued liabilities		960			880
Notes payable, short term		220			220
Total current liabilities		20,380			19,500
Long-term liabilities:
Bonds payable		8,100			8,100
Total liabilities		28,480			27,600
Stockholders' equity:
Common stock		500			500
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,500			4,500
Retained earnings		50,078			35,934
Total stockholders' equity		54,578			40,434
Total liabilities and stockholders' equity	$	83,058		$	68,034

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	77,875		$	65,000
Cost of goods sold		35,550			38,000
Gross margin		42,325			27,000
Selling and administrative expenses:
Selling expenses		10,800			10,100
Administrative expenses		6,600			6,600
Total selling and administrative expenses		17,400			16,700
Net operating income		24,925			10,300
Interest expense		810			810
Net income before taxes		24,115			9,490
Income taxes		9,646			3,796
Net income		14,469			5,694
Dividends to common stockholders		325			500
Net income added to retained earnings		14,144			5,194
Beginning retained earnings		35,934			30,740
Ending retained earnings	$	50,078		$	35,934

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.)