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Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 $1.00 last year and $0.65 this year. The market value of the companys common stock at the end of the year was $23. 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		$	1,280
Accounts receivable, net		9,600			7,100
Inventory		12,400			11,000
Prepaid expenses		680			640
Total current assets		23,930			20,020
Property and equipment:
Land		9,200			9,200
Buildings and equipment, net		47,742			42,792
Total property and equipment		56,942			51,992
Total assets	$	80,872		$	72,012
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	18,900		$	18,700
Accrued liabilities		1,100			900
Notes payable, short term		210			210
Total current liabilities		20,210			19,810
Long-term liabilities:
Bonds payable		8,300			8,300
Total liabilities		28,510			28,110
Stockholders' equity:
Common stock		600			600
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,600			4,600
Retained earnings		47,762			39,302
Total stockholders' equity		52,362			43,902
Total liabilities and stockholders' equity	$	80,872		$	72,012

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	76,820		$	65,000
Cost of goods sold		43,290			33,000
Gross margin		33,530			32,000
Selling and administrative expenses:
Selling expenses		10,700			10,800
Administrative expenses		6,900			6,100
Total selling and administrative expenses		17,600			16,900
Net operating income		15,930			15,100
Interest expense		830			830
Net income before taxes		15,100			14,270
Income taxes		6,040			5,708
Net income		9,060			8,562
Dividends to common stockholders		600			600
Net income added to retained earnings		8,460			7,962
Beginning retained earnings		39,302			31,340
Ending retained earnings	$	47,762		$	39,302

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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