Chapter 15 Problems Saved Help Save & Exit Submit Check my work 1 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 500,000 shares of common stock were outstanding. The interest rate on the bonds, which were sold at their face value, 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 $23. All of the company's sales are on account. points Skipped Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: eBook Cash Accounts receivable, net Inventory Prepaid expenses 9,500 13,800 650 25,190 1,240 1,320 7,700 12,500 620 22,140 Hint Total current assets Property and equipment: 10,800 39,577 Land 10,800 50,564 Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Print 61,36450,377 $86,554 $72,517 References Accounts payable Accrued liabilities Notes payable, short term $20,500 1,020 200 21,720 $17,900 800 200 18,900 Total current liabilities Long-term liabilities: Total liabilities Stockholders' equity: Bonds payable 9,800 31,520 9, 800 Cormon stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 500 4,000 4,500 50,534 55,034 $86,554 500 4,000 4, 500 39,317 43,817 $72,517