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 700,000 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 company's common stock at the end of this year was $29. All of the company's sales are on account. Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $82,350 $64,000 Cost of goods sold 41,825 40,000 Gross margin 40,525 24,000 Selling and administrative expenses: Selling expenses 10,500 10,800 Administrative expenses 6,800 6,800 Total selling and administrative expenses 17,300 17,600 Net operating income 6,400 Interest expense 880 880 Net income before taxes 22,345 5,520 Income taxes 8,938 2,208 Net income 13,407 3,312 Dividends to common stockholders 280 350 Net income added to retained earnings 13,127 2,962 Beginning retained earnings 34,302 31,340 Ending retained earnings $47,429 $34,302 23, 225 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.) | 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