Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities \begin{tabular}{rr} $1,090 & $1,390 \\ 9,200 & 7,100 \\ 13,500 & 11,400 \\ 610 & 530 \\ \hline 24,400 & 20,420 \\ 9,900 & 9,900 \\ 39,397 & 37,644 \\ \hline 49,297 & 47,544 \\ \hline$73,697 & $67,964 \\ \hline \hline \end{tabular} Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{rr} $19,400 & $19,200 \\ 930 & 770 \\ 180 & 180 \\ \hline 20,510 & 20,150 \end{tabular} \begin{tabular}{rr} 9,600 & 9,600 \\ \hline 30,110 & 29,750 \\ \hline \end{tabular} 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 income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings This Year $72,535 \begin{tabular}{rr} 44,820 & 42,000 \\ \hline 27,715 & 24,000 \\ \hline \end{tabular} \begin{tabular}{rr} \hline 10,600 & 10,900 \\ 6,800 & 6,600 \\ \hline 17,400 & 17,500 \\ \hline 10,315 & 6,500 \\ 960 & 960 \\ \hline 9,355 & 5,540 \\ 3,742 & 2,216 \\ \hline 5,613 & 3,324 \\ 240 & 450 \\ \hline 5,373 & 2,874 \\ 33,614 & 30,740 \\ \hline$38,987 & $33,614 \\ \hline \end{tabular} 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.)