Comparative financial statements for Weller Co The company did not issue any new common sto merchandising...

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Comparative financial statements for Weller Co The company did not issue any new common sto merchandising company, for the year ending December 31 appear below. the year. A total of 840,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, 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 $20. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year 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 unrant shilin $6,344 $ 6,400 12,700 9,300 9,900 8,360 1,840 2,180 30,784 26,240 6,400 6,400 19,600 26,000 $56,784 19,400 25,800 $ 52,040 $ 9,900 680 340 $ 8,500 900 340 Comparative financial statements for Weller Co The company did not issue any new common sto merchandising company, for the year ending December 31 appear below. the year. A total of 840,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, 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 $20. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year 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 unrant shilin $6,344 $ 6,400 12,700 9,300 9,900 8,360 1,840 2,180 30,784 26,240 6,400 6,400 19,600 26,000 $56,784 19,400 25,800 $ 52,040 $ 9,900 680 340 $ 8,500 900 340