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.)

1.	Accounts receivable turnover
2.	Average collection period		days
3.	Inventory turnover
4.	Average sale period		days
5.	Operating cycle		days
6.	Total asset turnover

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 $25. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,98 1e, eee 13,888 740 25,630_ $ 1,260 7,600 12,500 540 21,980 10,100 43.ee5 53,105 $78,735 10,180 35,488 45,588 $67,488 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $17,789 810 $29, 280 950 150 21,300 150 18,660 9.2899 30,580 .289 27,860 680 4,00 4,60e 43.635 600 4,999 4,600 35.928 39,628 $67,488 48,235 $78.735 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $76,560 $66,080 Cost of goods sold 43,395 41,880 Gross margin 33,165 25,880 Selling and administrative expenses: Selling expenses 10,680 10,789 Administrative expenses 6.989 6.480 Total selling and administrative expenses 17,5ee 17,1ee Net operating income 15,665 7.9ee Interest expense 928 928 Net income before taxes 14.7456 ,989 Income taxes 5,898 2,792 Net income 4. 188 Dividends to common stockholders 240 680 Net income added to retained earnings 8,687 3.588 Beginning retained earnings 35,028 31,440 Ending retained earnings $43,635 $35,028 8,847