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#5 Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below The company did not issue any new
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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 950,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, the income tax rate was 40%, and the dividend per share of common stock was $075 last year and $0.40 this year. The market value of the company's common stock at the end of the year was $25.50. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Current assets: $7701,818 Accounts receivable, net Inventory 10.45 Prepaid expenses Total current assets Property 29,870 Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity 20,700 28, 200 2e,500 $57,270 $58,018 Current liabilities: Accounts payable $11,000 9,050 Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: 35815,959 Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 168 39.92 34,06 $57,270 $50,010 iier Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year $94,00 $89,000 Cost of goods sold 55, 500 Selling and administrative expenses: Selling expenses 10,800 13,500 23,500 11,800 600 10,400 4.168 9,500 Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net incone Dividends to common stockholders Net income added to retained earnings Beginning retained carnings 22,000 11,500 600 1e,900 $34,820 $28,160 Ending retained earnings Required: Compute the following financial data for this year 1. Earnings per share. (Round your answer to 2 decimal places.) 2. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 3. Dividend payout ratio. (Round your intermediete celculations and final answer to 2 decimal places.) 4. Dividend yield ratio. (Round your answer to 2 decimal places.) 5. Book value per share. (Round your answer to 2 decimel places.) Answer is not complete. 1. Earnings per share 2. 3. Dividend payout ratio Dividend vield ratio 1.57 5. Book value per shareStep by Step Solution
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