3 25 Print References Comparative financial statements for Weller Corporation, a merchandising company for the year ending December 1 appear below Check my won 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 me dividend per share of common stock was $25 year and $0.40 this year. The market value of the company's common stock at the end of this year was $26. Al of the company's sales ore on account Wella Corporation Comparative avance sheet dollare in thouse Assets The Year Las TOLE Current aussi Cash 31110 $ 1,340 Accounts receivable.net 1.100 7.100 Inventory 12.00 Prepaid expenses Total current at 23 Property and equipment Land 10.100 10.100 Duildings and equipment, net 160 Total property and equipment HAS 8.85 14.040 Total asset Liabilities and stockholders' Equity Current liabilities 920.200 113,700 Accounts payable 740 Accred liabilities 250 Notes payable, short tern 19,690 Total current liabilities Long-term liabilities Bonds payable Total abilities Stockholders' equity: SED 350 9.500 2015 Next > Prev 3 of 4 Check my word 3 . Common stock Additional pald-in capital Total paid in capital Retained earnings Total stockholders' equity Total liabilities and stockholdere equity 700 4.000 4,700 52,795 100 4.000 4.700 40.550 2000 574.040 S80,35 25 points ook Print References Weller Corporation Comparative Incone Statement and Reconciliation (dollars in thousands) sales This Year Last Year $75,000 566,000 Cost of goods sold 35.000 333.000 Crona margin 40,000 33,000 Selling and administrative expenses Selling expenses 10,500 10.200 Administrative expenses 5,600 6.200 Total selling and administrative expenses 1100 16,400 Net operating income 22.900 16,00 Interest expense 950 950 Net Income before takes 21,950 15.650 Income taxes 3,200 3170 Net Income 9.390 525 280 Dividends to common stockholders 12.665 9.110 Net Income added to retained earnings 40-150 31.000 Beginning retained earnings 552.795 $40.150 Ending retained earning Required: Compute the following financial data and ratios for this year: of 4 Next > 3 ULD BE and ADUL Baca Net operating income Interest expense Net income before taxes Income taxes Net Income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 22,900 950 21,950 8.780 13,170 525 12,645 40, 150 $52,795 16,600 950 15,650 6,260 9,390 280 9.110 31.040 $40.150 25 points eBook Hint Print Required: Compute the following financial data and ratios for this year 1. Working capital. (Enter your answer in thousands.) 2. Current ratio. (Round your answer to 2 decimal places.) 3. Acid-test ratio. (Round your answer to 2 decimal places.) References 1. Working capital 2. Current ratio 3. Acid-test ratio