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 800,000 shares of common stock were outstanding. The Interest rate on the bond payable was 12%, 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 $18. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1.280 12.300 9.900 1.800 25,000 $ 1.560 9.100 8,300 2.100 20, 960 6.000 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 Recounts payable Accrued liabilities Notes payable, short ter Total current liabilities Long-term liabilities: Bonds payable 6.000 19,200 25,200 $50,280 25.000 $45,960 $9.500 $ 8,300 700 10,400 9, 300 5,000 5,000 Total stocROLOS DULY Total liabilities and stockholders' equity $50,280 $45,960 Woller Corporation Comparative Income Statement and Reconciliation (dollars in thousands ) This Year Last Year Sales $79,000 $74,000 Cost of goods sold 52.000 Gross margin 27,000 26,000 Selling and administrative expenses Selling expenses 8.500 8,000 Administrative expenses 12.000 11.000 Total selling and administrative expenses 20,500 19.000 Net Operating income 6,500 1.000 Interest expense 600 Net Income before taxes 5,900 6,400 Income taxes 2,560 Net income 3.560 Dividends to common stockholders 120 600 Net income added to retained earnings 3,220 3,240 Beginning retained earnings 26,660 23,420 Ending retained earnings $29,880 526,660 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.) 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.) days 1. Accounts receivable turnover 2. Average collection period 3. Inventory turnover 4. Average sale period 5. Operating cycle 6. Total asset turnover days days