2 2 points eBook Hint Exercise 14-3 (Algo) 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 this year was $21. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) Print Assets References This Year Last Year 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 $ 1,120 9,400 12,100 760 $ 1,280 7,300 11,700 660 23,380 20,940 10,600 10,600 50,830 38,882 61,430 49,482 $ 84,810 $ 70,422 Total current liabilities Long-term liabilities: Bonds payable Total liabilities $ 19,000 1,010 260 20,270 $ 18,300 780 260 19,340 9,800 9,800 30,070 29,140 Stockholders' equity: Common stock 600 600 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,600 4,600 Retained earnings 50,140 36,682 Check my work