+ 38:36 d 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 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 $21. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses. Total current assets Property and equipment: Land This Year Last Year Buildings and equipment, net Total property and equipment Total assets $ 80,933 $ 1,140 10,100) 13,000 610 25,650 9,800 45,483 55,283 $ 1,380 6,700 11,800 630 20,510 9,800 40,981 50,781 $ 71,291 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 19,000 Accrued liabilities Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Notes payable, short term 1,010. 110 $ 17,800 840 20,120 110 18,750 8,400 28,520 8,400 27,150 500 500 4,000 4,000