Question
02:54:46 opped Exercise 14-6 (Algo) Financial Ratios for Assessing Market Performance [LO14-6] Comparative financial statements for Weller Corporation, a merchandising company, for the year
02:54:46 opped Exercise 14-6 (Algo) Financial Ratios for Assessing Market Performance [LO14-6] 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 840,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, 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 $20.00. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) eBook H Print References Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipeent Land Buildings and equipment, net, Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable i Accrued liabilities Notes payable, short term i Total current liabilities Long-term liabilities: This Year Last Year $ 6,344 $ 6,400 12,700 9,900 9,300 8,360 1,840 2,188 30,784 26,240 6,400 6,400 19,600) 26,000 $ 56,784 19,400 25,800 $ 52,040 $ 9,900 680 340 10,920 $8,500 500. 340 9,740
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