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Chapter 15 Compute the following financial data for this year: 1. Earnings per share. (Round your answer to 2 decimal places.) 2. Price-earnings ratio. (Round
Chapter 15
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 intermediate calculations and final answer to 2 decimal places.)
4. Dividend yield ratio. (Round your intermediate calculations and final answer to 2 decimal places.)
5. Book value per share. (Round your answer to 2 decimal places.)
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Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear The company did not issue any new common stock during the year. A total of 990.000 shares of common stock were outstan interest rate on the bond payable was 12%, the income tax rate was 40%, and the dividend per share of common stock was $0 year and $0.40 this year. The market value of the company's common stock at the end of this year was $27.50. All of the com sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 5,834 10,650 1.999 34,774 $ 6,650 9.280 8, 960 2.480 27.299 7,982 21.189 29,00 $63,774 7,990 29.989 28.800 $56,990 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 Additional paid in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $11.49 989 490 12.870 $ 9, 250 1.650 490 11.399 19.989 22,870 le,eee 21,390 999 999 6, 140 34,764 40,984 $63,774 6.140 28,560 34,780 $56,090 Last Year $93,000 57,500 35,500 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $98, Cost of goods sold 61.5ee Gross margin 36,580 Selling and administrative expenses: Selling expenses 10,400 Administrative expenses 13.989 Total selling and administrative expenses 24, 38 Net operating income 12.289 Interest expense 1.289 Net income before taxes 11. Bee Income taxes 4,480 Net income Dividends to common stockholders Net income added to retained earnings 6,284 Beginning retained earnings 28.560 Ending retained earnings $34,764 9,989 12.980 22.889 12,78e 1.200 11,5ee 4,600 6,980 396 792 6.188 22,452 $28,560
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