Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Comparative financial statements for Weiler Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common
Comparative financial statements for Weiler 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 200,000 shares of common stock were outstanding. The Interest rate on the bond payable was 129, the income tax rate was 40% and the dividend per share of common stock was $0.75 last ear and S0.40 this year. The market value of the company's common stock at the end of this year was $18. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Current assets: $ 1,200 Accounts receivable, et Prepaid expenses Total current assets Property and equipment: Buildings and equipment, ut Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes de Sotter Total current liabilities Long-term l ilities: Total abilities Stockholders' equity: Additional paid in capital Total pald.in capital Total stockholders' equity Total liabilities and stockholders' equity weller Corporation Comparative Income Statement and conciliatt (dollars in thousands) Cost of goods sold Gross margin Selling and dinistrative expenses: Selling expenses Adinistrative expenses Total selling and adeinistrative expenses Net operating income Net Income before tau Dividends to common stockholders Net Income added to retained earnings Beginning retained ning Ending retained earnings Required: Compute the following financial data for this year Gross margin percentage. (Round your percentage answer to 1 decimal place .e., 0.1234 should be entered os 123).) Net profit margin percentage. Round your percentage answer to 1 decimal place (.e., 0.1234 should be entered os 12.31.) 3. Return on total assets. (Round your percentage answer to 1 decimal place le. 0.1234 should be entered os 12.31) 4. Return oneguty (Round your percentage answer to 2 decimal places (.e. 0.1234 should be entered os 12 34).)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started