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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 $29. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,120		$	1,320
Accounts receivable, net		9,100			6,600
Inventory		12,800			11,200
Prepaid expenses		660			660
Total current assets		23,680			19,780
Property and equipment:
Land		10,200			10,200
Buildings and equipment, net		41,348			36,304
Total property and equipment		51,548			46,504
Total assets	$	75,228		$	66,284
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	18,600		$	18,500
Accrued liabilities		1,000			820
Notes payable, short term		300			300
Total current liabilities		19,900			19,620
Long-term liabilities:
Bonds payable		9,100			9,100
Total liabilities		29,000			28,720
Stockholders' equity:
Common stock		600			600
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,600			4,600
Retained earnings		41,628			32,964
Total stockholders' equity		46,228			37,564
Total liabilities and stockholders' equity	$	75,228		$	66,284

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	70,650		$	65,000
Cost of goods sold		37,200			42,000
Gross margin		33,450			23,000
Selling and administrative expenses:
Selling expenses		10,500			10,900
Administrative expenses		7,200			6,900
Total selling and administrative expenses		17,700			17,800
Net operating income		15,750			5,200
Interest expense		910			910
Net income before taxes		14,840			4,290
Income taxes		5,936			1,716
Net income		8,904			2,574
Dividends to common stockholders		240			450
Net income added to retained earnings		8,664			2,124
Beginning retained earnings		32,964			30,840
Ending retained earnings	$	41,628		$	32,964

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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