25 4 +bock 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 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 $27 All of the company's sales are on account wellen Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Land Hat 10 Print Feferences Assets Current assets: Cath Accounts receivable, net. Inventory Prepaid expenses Total current assets: $1,160 10,300 11,260 7,500 12,000 12,400 620 660 24,830 21,820 Property and equipment 10,600 10,600 Buildings and equipeent, net 48,315 41,859 Total property and equipeent 50,915 51,659 Total assets $83,795 $23,479 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $19,700 $ 19,400 Accrued 11abilities 1950 090 Notes payable, short tere 120 120 Total current liabilities Long-tere 1Labilities: Bonds payable Total liabilities Stockholders equity Common stock Additional paid-in capital 20,770 20.410 9,100 100 29,970 29,510 700 700 4,000 4,000 Total paid-in capital 4,700 4,700 Retained earnings 49,235 39,369 Total stockholders' equity $3,929 43969 Total liabilities and stockholders equity $1,795 $73,479