\fWeller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $88,825 $65,000 Cost of goods sold 43,010 38.000 Gross margin 45,815 27,000 Selling and administrative expenses: Selling expenses 10.900 10,700 Administrative expenses 6,600 6,900 Total selling and administrative expenses 17,500 17,600 Net operating income 28,315 9,400 Interest expense 840 840 Net income before taxes 27,475 8,560 Income taxes 10,990 3.424 Net income 16,485 5,136 Dividends to common stockholders 240 450 Net income added to retained eamings 16,245 4.636 Beginning retained earnings 35,426 30,740 Ending retained earnings $51,671 $35,426Required: 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.) Accounts receivable turnover 2. Average collection period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) Average collection period days 3. Inventory turnover. (Round your answer to 2 decimal places.) Inventory turnover 4. Average sale period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) Average sale period days 5. Operating cycle. (Round your intermediate calculations and final answer to 2 decimal places.) Operating cycle days 6. Total asset turnover. (Round your answer to 2 decimal places.) Total asset turnover