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Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new

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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 950,000 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 $25.50. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) 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 current liabilities Long-term liabilities: Bonds payable Total liabilities. Stockholders equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity This Year Last Year $ 770 $ 1,810 15,900 9,000 10,450 8,800 1,950 2,400 29,070 22,010 7,500 7,500 20,700 20,500 28,200 28,000 $ 50,010 $ 57,270 $ 11,000 900 450 12,350 $ 9,050 1,450 450 10,950 5,000 17,350 5,000 15,950 958 950 4,950 4,950 5,900 5,900 34,020 28,160 39,920 34,060 $ 57,270 $ 50,010 Comparative Income Statement and Reconciliation Weller Corporation (dollars in thousands) Sales Cost of goods sold) Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses This Year Last Year $ 94,000 $ 89,000 59,500 55,500 34,500 33,500 10,000 9,500 13,500 12,500 23.500 22.000 Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 34,020 39,920 $ 57,270 5,900 23777 5,900 28,160 34,060 $ 50,010 Comparative Income Statement and Reconciliation Weller Corporation (dollars in thousands) 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 Required: Compute the following financial data for this year: 1. Earnings per share. (Round your answer to 2 decimal places.) This Year $ 94,000 59,500 Last Year $ 89,000 55,500 34,500 33,500 10,000 9,500 13,500 12,500 23,500 22,000 11,000 11,500 600 600 10,400 10,900 4,160 6,240 380 4,360 6,540 760 5,860 28,160 5,780 22,380 $ 34,020 $ 28,160 2. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 3. Dividend payout ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 4. Dividend yield ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 5. Book value per share. (Round your answer to 2 decimal places.) 1. Earnings per share 2. Price-earnings ratio 3. Dividend payout ratio % 4. Dividend yield ratio % 5. Book value per share

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