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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 $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	$ 1,250	$ 1,240
Accounts receivable, net	9,100	7,300
Inventory	12,400	12,500
Prepaid expenses	800	530
Total current assets	23,550	21,570
Property and equipment:
Land	9,800	9,800
Buildings and equipment, net	50,183	39,773
Total property and equipment	59,983	49,573
Total assets	$ 83,533	$ 71,143
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 20,300	$ 18,300
Accrued liabilities	1,000	820
Notes payable, short term	300	300
Total current liabilities	21,600	19,420
Long-term liabilities:
Bonds payable	8,700	8,700
Total liabilities	30,300	28,120
Stockholders' equity:
Common stock	500	500
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,500	4,500
Retained earnings	48,733	38,523
Total stockholders' equity	53,233	43,023
Total liabilities and stockholders' equity	$ 83,533	$ 71,143

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 76,260	$ 65,000
Cost of goods sold	39,840	33,000
Gross margin	36,420	32,000
Selling and administrative expenses:
Selling expenses	11,100	10,900
Administrative expenses	7,100	6,800
Total selling and administrative expenses	18,200	17,700
Net operating income	18,220	14,300
Interest expense	870	870
Net income before taxes	17,350	13,430
Income taxes	6,940	5,372
Net income	10,410	8,058
Dividends to common stockholders	200	375
Net income added to retained earnings	10,210	7,683
Beginning retained earnings	38,523	30,840
Ending retained earnings	$ 48,733	$ 38,523

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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