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appear below. The company did not issue any new common stock during the year. A total of 600,000 shares of commo stock were outstanding.
appear below. The company did not issue any new common stock during the year. A total of 600,000 shares of commo 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 a the end of this year was $26. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock. $ 1,350 7,000 11,900 $ 1,240 9,300 12,800 670 570 24,010 20,820 10,800 10,800 39,610 34,660 50,410 45,460 $ 74,420 $ 66,280 $ 19,800 1,010 140 20,950 $ 18,100 810 140 19,050 8,500 29,450 8,500 27,550 600 600
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