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10 Don 3 H 10 10 P References Help Save & Exit Comparative financial statements for Weller Corporation, a merchandising company, for the year
10 Don 3 H 10 10 P References Help Save & Exit 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 500,000 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 $28. All of the company's sales are on account Assets Current assets Cash Weller Corporation Comparative Balance Sheet (dollars in thousands) 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 Long-term Liabilities: Bonds payable Total Liabilities Stockholders equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Jotal liabilities and stockholders' potte This Year Last Year $1,140 10,700 $1,328 8.20 13,500 640 12,968 564 25,988 22,068 10,100 10,100 48,389 39,040 58,489 4,140 $ 84,469 $71,220 $ 19,300 $18,300 1,030 860 170 20,500 19,330 10,000 10,000 30,500 29,330 500 500 4,000 4,000 4,500 37,398 49,469 53,969 41,898 3.81.169 $71.228 Subm Check my work
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