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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 500,000 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 this year was $25. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,230	$ 1,270
Accounts receivable, net	10,800	6,900
Inventory	12,300	10,700
Prepaid expenses	700	560
Total current assets	25,030	19,430
Property and equipment:
Land	10,300	10,300
Buildings and equipment, net	50,820	40,273
Total property and equipment	61,120	50,573
Total assets	$ 86,150	$ 70,003
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 19,700	$ 18,000
Accrued liabilities	950	790
Notes payable, short term	210	210
Total current liabilities	20,860	19,000
Long-term liabilities:
Bonds payable	8,700	8,700
Total liabilities	29,560	27,700
Stockholders' equity:
Common stock	500	500
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,500	4,500
Retained earnings	52,090	37,803
Total stockholders' equity	56,590	42,303
Total liabilities and stockholders' equity	$ 86,150	$ 70,003

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 78,765	$ 64,000
Cost of goods sold	35,650	35,000
Gross margin	43,115	29,000
Selling and administrative expenses:
Selling expenses	11,200	10,700
Administrative expenses	6,900	6,200
Total selling and administrative expenses	18,100	16,900
Net operating income	25,015	12,100
Interest expense	870	870
Net income before taxes	24,145	11,230
Income taxes	9,658	4,492
Net income	14,487	6,738
Dividends to common stockholders	200	375
Net income added to retained earnings	14,287	6,363
Beginning retained earnings	37,803	31,440
Ending retained earnings	$ 52,090	$ 37,803

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.)

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