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 900,000 shares of common stock were outstanding. The Interest rate on the bond payable was 12%, the Income tax rate was 40%. 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 $23.00. 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 Total current assets $ 240 15,400 $ 510 10,250 10,200 8,600 1,900 2,300 27,740 21,660 Property and equipment: Land 7,000 7,000 Buildings and equipment, net 20,200 20,000 Total property and equipment 27,200 27,000 Total assets $54,940 $48,660 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $10,500 $ 8,800 Accrued liabilities 800 1,200 Notes payable, short term 400 400 Total current liabilities 11,700 10,400 Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock 5,000 16,700 5,000 15,400 900 900 Additional paid-in capital 4,700 4,700 Total paid-in capital 5,600 5,600 Retained earnings 32,640 27,660 Total stockholders' equity 38,240 33,260 Total liabilities and stockholders' equity $54,940 $48,660 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales This Year $89,000 Last Year $84,000 Cost of goods sold 57,000 53,000 Gross margin 32,000 31,000 Selling and administrative expenses: Selling expenses 9,500 9,000 Administrative expenses 13,000 12,000 Total selling and administrative expenses 22,500 21,000 Net operating income 9,500 10,000 Interest expense 600 600 Net income before taxes 8,900 9,400 Income taxes 3,560 3,760 Net income 5,340 5,640 Dividends to common stockholders 360 720 Net income added to retained earnings 4,980 4,920 Beginning retained earnings 27,660 22,740 Ending retained earnings $32,640 $27,660 Required: Compute the following financial data for this year. 1. Earnings per share. (Round your answer to 2 decimal places.) 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.) 1. Earnings per share $ 5.93 2. Price-earnings ratio 4.00 3. Dividend payout ratio 96 4. Dividend yield ration 96