4 166 po Exercise 14-3 Financial Ratios for Asset Management [LO14-3] Comparative financial statements for Weiler 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 the year was $29 All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Yea Assets Cash Accounts receivable, net Inventory Prepaid expenses $3,100 10,200 17,100 $1,320 7,000 12,300 Total current assets 54.160 21,950 Proper Land 3,300 10,000 bulleings and equipment, nat 45136 15,372 Total property and equipee $6,000 46,072 Total asses 580,190 Liabilities and Stockholders equity Current $35,700 $38,300 750 Notes payable, short 200 200 Total current b 22454 19,250 Bonds payable Total liabilitie Stockholders quit Common stock Adding valdi in capit Total paid-capital Retained earings Total stockholders sty 19:800 29/050 600 4,000 4,000 34.572