Exerclse 16-3 (Algo) Financlal Ratlos for Asset Management [LO16-3] 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 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 $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $29. All of the company's sales are on account. 1. Accounts receivable turnover. (Assume that all sales are on account.) (Round your answer to 2 decimal pleces.) 2 Average collection period. (Use 365 days In a yeor. Round your Intermedlate calculatlons and flnal answer to 2 declmal places.) 3. Inventory turnover. (Round your answer to 2 declmal places.) 4. Average sale period. (Use 365 days In a year. Round your Intermedlate calculatlons and flnal answer to 2 decimal places.) 5. Operating cycle. (Round your Intermedlate calculatlons and flnal answer to 2 declmal places.) 6. Total asset turnover. (Round your answer to 2 declmal places.)