166 potr 4 02.15:05 Exercise 14-3 Financial Ratios for Asset Management [LO14-3] 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 the year was $29 All of the company's sales are on account Seped Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year eBook Mint Assets Current assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets $ 1,180 10,200 12,100 600 $1,320 7,000 12,300 530 24,300 21,950 Property and equipment: Land 10,000 10,900 Print Buildings and equipment, net 45,130 35,122 Total property and equipment 50,030 46,072 Total assets $80,190 $68,022 References Liabilities and stockholders' Equity Current liabilities Accounts payable $19,300 $10,300 Accrued liabilities 550 750 Notes payable, short term 200 200 Total current liabilities 20,450 19,250 Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Conson stock 3,500 9,800 30/350 29,050 600 600 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,600 4,600 Retained earnings 45,340 34,322 Total stockholders' equity 49,940 38,972 Total liabilities and stockholders' equity $80,190 $60,022