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5 ok Check my w Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company

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5 ok Check my w 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 960,000 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 $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 $26.00. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousande) - t ences Assets Current assets: Cash This Year Last Year Accounts receivable, net Inventory $ 2,036 16,000 10,500 $3,020 9,050 8.840 Prepaid expenses Total current assets 1,960 2,420 30,496 23,330 Property and equipment: Land 7,600 7,600 Buildings and equipment, net 20.800 20,600 Total property and equipment 28,400 28,200 Total assets $58,896 $51,530 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $11,100 $ 9,100 Accrued liabilities Notes payable, short term 920 460 1,500 460 Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' mit 12,480 11,060 6,250 6.250 18,730 17,310

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