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 920,000 shares of common stock were outstanding. The interest rate on the bonds, which were sold at their face value, was 12%. The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the company's common stock at the end of the year was $24.00. 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 $ 2,772 15,600 10,300 1,920 $ 2,930 10,350 8,680 2,340 Total current assets 30,592 24,300 Property and equipment: Land Buildings and equipment, net 7,2007,200 20,400 20,200 Total property and equipment 27,600 27,400 Total assets $58,192 $51,700 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $10,700 840 420 $ 8,900 1.300 420 11,960 10,620 Total current liabilities Long-term liabilities: Bonds payable 7,500 19,460 7,500 18,120 Total liabilities Stockholders' equity: Common stock Additional paid-in capital 920 4,800 920 4,800 Total paid-in capital Retained earnings 5,720 33,012 5.720 27,860 Total stockholders' equity 38,732 33,580 Total liabilities and stockholders' equity $58,192 $51,700 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $91,000 $86,000 Cost of goods sold 58,000 54,000 Gross margin 33,000 32,000 Selling and administrative expenses: Selling expenses Administrative expenses 9,700 13,200 9,200 12,200 Total selling and administrative expenses 22,900 21,400 Net operating income Interest expense 10,100 900 10,600 900 Net income before taxes Income taxes 9,200 3,680 9,700 3,880 Net income Dividends to common stockholders 5,520 368 5,820 690 Net income added to retained earnings Beginning retained earnings 5,152 27,860 5,130 22,730 Ending retained earnings $33,012 $27,860 Required: Compute the following financial data for this year: 1. Earnings per share. (Round your answer to 2 decimal places.) Earnings per share | Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.) Price-earnings ratio Dividend payout ratio. (Round your intermediate calculations and final answer to 2 decimal places.) Dividend payout ratio Dividend yield ratio. (Round your intermediate calculations and final answer to 2 decimal places.) Dividend yield ratio Book value per share. (Round your answer to 2 decimal places.) Book value per share
