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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 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 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	$ 1,220	$ 1,380
Accounts receivable, net	10,700	7,800
Inventory	13,900	11,000
Prepaid expenses	690	650
Total current assets	26,510	20,830
Property and equipment:
Land	9,700	9,700
Buildings and equipment, net	45,562	38,844
Total property and equipment	55,262	48,544
Total assets	$ 81,772	$ 69,374
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 19,600	$ 17,600
Accrued liabilities	1,060	850
Notes payable, short term	280	280
Total current liabilities	20,940	18,730
Long-term liabilities:
Bonds payable	9,600	9,600
Total liabilities	30,540	28,330
Stockholders' equity:
Common stock	600	600
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,600	4,600
Retained earnings	46,632	36,444
Total stockholders' equity	51,232	41,044
Total liabilities and stockholders' equity	$ 81,772	$ 69,374

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 83,250	$ 66,000
Cost of goods sold	47,310	40,000
Gross margin	35,940	26,000
Selling and administrative expenses:
Selling expenses	11,000	10,000
Administrative expenses	6,600	6,200
Total selling and administrative expenses	17,600	16,200
Net operating income	18,340	9,800
Interest expense	960	960
Net income before taxes	17,380	8,840
Income taxes	6,952	3,536
Net income	10,428	5,304
Dividends to common stockholders	240	300
Net income added to retained earnings	10,188	5,004
Beginning retained earnings	36,444	31,440
Ending retained earnings	$ 46,632	$ 36,444

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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