Comparative financial statements for Weiler Corporation, a merchandising company for the year ending December stappear below The company did not issue any new common stock during the year. A total of 600,000 shares of common stock wie outstanding the interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend pet share of common stock was 505 year and $0.40 this year. The market value of the company's common stock at the end of the year wis $22. or the company's are on account eller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1.40 6,500 $ 1,26 10,50 12.200 6 24590 5 se 19.90 9.60 9.60 51,676 61.226 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment Land Buildings and equipment, het Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued abilities Notes payable, short term Total current liabilities Long-term Libilities: 385, $18,00 $19.00 1.0 220 211110 20 9. Ned> 12 2013 30 c O earch Homework 145, $75,000 36,000 39.000 11,50 Comparative Inc Statement de (dollars in the Sales Cost of goods sold Gross margin Selling and administrative expenses Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net Income before taxes Income taxes Net income Dividends to common stockholders Net Income added to retained earnings Beginning retained earnings Ending retained earnings 18,300 20,700 920 19,750 7,912 11,858 10,10 6,700 12.000 16.000 20 15.00 6.02 11.560 39,38 550.956 300 8,40 20.40 $39,3 Required: Compute the following financial data and ratios for this year 1. Working capital. (Enter your answer in thousands. 2. Current ratio. (Round your answer to 2 decimal places 3. Acid-test ratio. (Round your answer to 2 decimal places.) 13 Next > 12 of 20 o 2 - to search