Chec 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 600,000 shares of common 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 at the end of this year was $22. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousanda) This Year Last Year $1,180 10.400 13,900 660 26,140 $1.290 6.800 10,900 530 19.520 10,700 47 260 57,960 584,100 10,700 41.622 52,522 $72,042 Assets Current assets Cash Accounts receivable, not Tnventory Prepaid expenses Total current assets Property and equipment Land buildings and equipment, bet Total property and equipment Total aasta Liabilities and stockholders' Equity Current liabilities Mounts payable Mered liabilities Notes payable, short term Total current liabilities Long-term liabilities Bonda payable Total liabilities tockholders' equity Common stock Additional paid-in capital Total paid in capital atsinad samninga Tots stockholders equity Total liabilities and stockholders' equity 18,900 1,010 210 20,120 $10,000 030 210 19,040 2.300 29,420 9.300 29.140 600 4.000 4,600 50.000 56,600 $84.100 600 4.000 1,600 30.102 42,902 572,042 eller Corporation Chec 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 600,000 shares of common 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 at the end of this year was $22. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousanda) This Year Last Year $1,180 10.400 13,900 660 26,140 $1.290 6.800 10,900 530 19.520 10,700 47 260 57,960 584,100 10,700 41.622 52,522 $72,042 Assets Current assets Cash Accounts receivable, not Tnventory Prepaid expenses Total current assets Property and equipment Land buildings and equipment, bet Total property and equipment Total aasta Liabilities and stockholders' Equity Current liabilities Mounts payable Mered liabilities Notes payable, short term Total current liabilities Long-term liabilities Bonda payable Total liabilities tockholders' equity Common stock Additional paid-in capital Total paid in capital atsinad samninga Tots stockholders equity Total liabilities and stockholders' equity 18,900 1,010 210 20,120 $10,000 030 210 19,040 2.300 29,420 9.300 29.140 600 4.000 4,600 50.000 56,600 $84.100 600 4.000 1,600 30.102 42,902 572,042 eller Corporation
