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10 6 The interest rate on the bond payable was 12%, the income tax rate was 40%, and the dividend per share of common stock

10 6 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 $28.00. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year 020846 Deferences Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment Land $1,300 16,400 $1,610 9,250 10,700 9,000 2,000 2,500 30,400 22,360 8,000 8,000 Buildings and equipeent, net 21,200 21,000 Total property and equipment 29,200 Total assets $ 59,600 29,000 $51,360 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short tere Tutal current liabilities Long-term 11abilitiess Sonds payable Total liabilities Stockholders' equity $ 11,500 1,000 500 13,000 $9,300 1,700 500 11,500 3,000 10,000 5,000 16,500 Ch 10 points Total liabilities and stockholders' equity 202.08.19 Sales eBook Cost of goods sold Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year $ 99,000 Last Year $ 94,000 58,000 Hint References 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 Required: Compute the following financial data for this year: Mc 62,000 37,000 36,000 10,500 10,000 14,000 13,000 24,500 23,000 12,500 13,000 600 600 11,900 12,400 4,760 4,960 7,140 7,440 400 800 6,740 28,660 $ 35,400 6,640 22,020 $ 28,660 10 points 02:07:58 eBook Hint References Required: Compute the following financial data for this year: 1. Earnings per share. (Round your answer to 2 decimal places.) 2. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal place 3. Dividend payout ratio. (Round your intermediate calculations and final answer to 2 decimal pla 4. Dividend yield ratio. (Round your intermediate calculations and final answer to 2 decimal place 5. Book value per share. (Round your answer to 2 decimal places.) 1. Earnings per share 2. Price-earnings ratio 3. Dividend payout ratio 4. Dividend yield ratio 5. Book value per share % %

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