2-
kindly answer Q3 too. just short answers no meed to show work. thx
3-
Seved Help Sa Ch16 HW 2 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 3 points Weller Corporation Comparative Balance sheet. (dollars in thousanda) This Year Last Year Book $ 1,120 10.600 13.300 100 25,020 $ 1.390 7.300 11,000 680 21.190 ant Per 10,700 44,934 55,634 581.454 10,700 1.125 05.025 References Assets Current assets Cash Accounts receivable, met Inventory Prepaid expenses Total current assets Property and equipment Land molldings and equipment, net Total property and equipment Total Asset Liabilities and stockholders' Equity Current liabilities herunts payable hocrued liabilities Notes payable, short term Total current liabilities Long-term liabilities Bonds payable Total liabilities stockholders equity Connon stock Additional paid.in capital Total paid in capital Retained earnings Total stockholdere quity Total Liabilities and stockholdere equity $10,700 1.090 200 19.990 $10.900 730 200 19,830 0,000 27,990 3.000 22.0230 500 4.000 4,500 500 4.000 4.500 40,964 53,466 301.454 39165 $66,995 2 3 points Neller Corporation Comparative Teone Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $78,760 $65.000 Cont of goods sold 36,395 40,000 Gross margin 42,365 25,000 Selling and administrative expenses Selling expenses 10,500 10,700 Administrative expenses 6.900 6,500 Total selling and administrative expenses 17,400 17,200 Net operating income 24,965 7,800 Interest expense 800 800 Net income before taxes 24,165 7.000 Income taxes 9.666 2,800 Net income 14,499 4,200 Dividends to common stockholders 200 375 Net income added to retained earnings 14,299 Beginning retained earnings 34,665 30.840 Ending retained earning $48,964 $34,665 eBook Hint 3,825 Print References Required: Compute the following financial data for this year: 1. Accounts receivable turnover. (Assume that all sales are on account.) (Round your answer to 2 decimal places.) 2. Average collection period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal 3. Inventory turnover. (Round your answer to 2 decimal places.) 4. Average sale period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimat place 5. Operating cycle. (Round your intermediate calculations and final answer to 2 decimal places.) 6. Total asset turnover. (Round your answer to 2 decimal places.) 9.00 days 1. Accounts receivable turnover 2. Average collection period 3. Inventory turnover 14. Average sale period days Prev 2 of 5 Next 3 2 points Book Hint Print 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 700,000 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 $22. All of the company's sales are on account Neller Corporation Comparative Balance sheet (dollars in thousands) This Year Last Year Asset Current aantat Cash $1,120 $ 1,320 Accounts receivable, net 10,300 7.200 Inventory 12,600 11,900 Prepaid expenses 710 680 Total current austa 24,730 21.100 Property and equipment Land 9,100 9.200 Buildings and equipent. net 42.634 Total property and equipment 56 734 51.742 Total asset 301,464 672,042 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $20,100 $10,000 Accrued liabilities 960 720 Notes payable, short term 0 270 Total current liabilities 21,060 19,790 Long-term liabilities Bonde payable 9,800 9,800 Total liabilities 30,860 29.590 Stockholders' equity Common stock 2,000 2.000 Additional paid-in capital 4.000 4.000 Total paid in capital 6,000 6,000 Retained earnings 44,604 37.252 Total stockholders equity 50.604 43.252 Total liabilities and stockholders' equity $72,642 References 3 2 points Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $73,000 $65,000 Cost of goods sold 41,000 36,000 Gross margin 32,000 29,000 Selling and administrative expenses Selling expenses 11,100 10,000 Administrative expenses 7,200 6,500 Total selling and administrative expenses 18,300 16,500 Net operating income 13,700 12,500 Interest expense 980 980 Net income before taxes 12,720 11,520 Income taxes 5,088 4,608 Net income 7.632 6,912 Dividends to common stockholders 280 700 Net income added to retained earnings 7,352 6,212 Beginning retained earnings 37,252 31,040 Ending retained earning $44,604 $37,252 eBook Hint Print References Required: Compute the following financial ratios for this year: 1. Times interest earned ratio. 2. Debt-to-equity ratio, 3. Equity multiplier (For all requirements, round your answers to 2 decimal places.) 1 2. Times interest eamed ratio Debt-to-equity ratio Equity multiplier 3
