Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows:

	Year 1			Year 2			Year 3			Year 4			Year 5
Sales	$	4,573,740		$	4,806,100		$	5,099,070		$	5,562,450		$	5,657,510
Cash	$	88,463		$	102,926		$	98,664		$	77,117		$	75,255
Accounts receivable, net		403,938			418,166			443,656			502,108			563,660
Inventory		812,152			873,165			819,625			891,120			899,792
Total current assets	$	1,304,553		$	1,394,257		$	1,361,945		$	1,470,345		$	1,538,707
Current liabilities	$	305,499		$	348,009		$	342,317		$	333,433		$	396,958

Required:

1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year.

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 companys common stock at the end of the year was $22. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,210		$	1,260
Accounts receivable, net		10,900			6,900
Inventory		13,600			12,000
Prepaid expenses		770			590
Total current assets		26,480			20,750
Property and equipment:
Land		9,200			9,200
Buildings and equipment, net		46,618			42,206
Total property and equipment		55,818			51,406
Total assets	$	82,298		$	72,156
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,500		$	18,900
Accrued liabilities		930			760
Notes payable, short term		190			190
Total current liabilities		20,620			19,850
Long-term liabilities:
Bonds payable		9,900			9,900
Total liabilities		30,520			29,750
Stockholders' equity:
Common stock		600			600
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,600			4,600
Retained earnings		47,178			37,806
Total stockholders' equity		51,778			42,406
Total liabilities and stockholders' equity	$	82,298		$	72,156

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	82,770		$	65,000
Cost of goods sold		47,360			35,000
Gross margin		35,410			30,000
Selling and administrative expenses:
Selling expenses		11,200			10,000
Administrative expenses		7,200			6,400
Total selling and administrative expenses		18,400			16,400
Net operating income		17,010			13,600
Interest expense		990			990
Net income before taxes		16,020			12,610
Income taxes		6,408			5,044
Net income		9,612			7,566
Dividends to common stockholders		240			300
Net income added to retained earnings		9,372			7,266
Beginning retained earnings		37,806			30,540
Ending retained earnings	$	47,178		$	37,806

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.)