3 25 point bous Exercise 14-2 (Algo) Financial Ratios for Assessing Liquidity [LO14-2] 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 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 $26. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) Hint References Assets 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 liabilitiess Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-ters 11abilities Sonds payable Total liabilities Stockholders equityr Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders equity This Year Last Year $1,110 9,900 12,400 $1,230 1,200 10,600 030 600 24,040 20,710 10,400 10,400 42,203 41,084 52,003 53,484 $ 72,194 $ 76,043 $10,000 1,040 100 $ 10,200 690 100 20,020 19,270 5,600 0,600 20,620 27,870 760 700 4,000 4,000 4,700 4,700 43,323 48,023 39,624 44,324 5 22,194 $ 76,643