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 company's common stock at the end of this year was $20. All of the company's sales are on account. Assets Current assets: Cash Accounts receivable, not Inventory Prepaid expenses Total current assets Property and equipment: Land Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $1,140 10,300 12,200 610 24,250 $1,300 7,500 12,300 650 21,818 9,800 9,800 38,366 48,166 Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: 55,513 65,313 $ 89,563 $ 69,976 Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings $ 19,500 1,010 190 $ 17,400 830 190 20,700 18,420 8,988 29,600 8,900 27,320 600 600 4,000 4,000 4,600 4,600 55,363 59,963 38,056 42,656 $ 89,563 $ 69,976 Total stockholders' equity Total liabilities and stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net incore Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings Required: Compute the following financial data for this year: This Year $ 83,660 35,525 Last Year $ 65,000 34,000 48.135 31,000 11,200 10,180 6.вае 5,900 18,000 17,000 30,135 14,000 898 29.245 11,698 898 13,118 5,244 17,547 240 17,307 7,866 450 7,416 38,056 30,640 $ 55,363 $ 38,056 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.) 1. Accounts receivable turnover 2. Average collection period 3. Inventory turnover 4. Average sale period 5. Operating cycle 6. Total asset turnover days days days