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25 3 points 042237 Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did
25 3 points 042237 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 $27. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Land eBook Him Current assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets $1,260 10,900 $1,370 13,500 7,600 11,400 610 570 26,270 20,940 Property and equipment 10,300 10,300 Buildings and equipment, net 47,364 39,952 Total property and equipment 57,664 50,252 Total assets $83,934 $ 71,192 Print Liabilities and Stockholders' Equity Current liabilities Accounts payable $19,300 $18,700 Aceroed liabilities References Notes payable, short term Total current liabilities Long-term liabilities Bonda Total liabilities Stockholders' equity Common stock Additional paid-in capital paid-in capital 920 260 730 260 20,480 19,690 8,300 8,300 28.780 27,990 600 600 Total Betained earnings Total stockholders equity Total liabilities and stockholders' equity Weller Corporation 4,000 4,000 4,600 4,600 50,554 38,602 55,154 43,202 $83,934 $71,192 Comparative Income Statement and Reconciliation Check m
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