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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
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 820,000 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 $19.00. 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 liabilition Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilition Stockholders equity Common stock Additional paid-in capital Total paid-in capital This Year Laat Year $ 3,812 $ 3,980 12,500 9,800 9,200 8,280 1,820 2,140 27,932 23,600 6,200 6,200 19,400 19,200 25,600 25,400 $ 53,532 $49,000 $ 9,700 $ 8,400 640 800 320 320 10,660 9,520 7,500 7,500 18,160 17,020 820 820 4,300 4,300 5,120 5,120 Retained earnings 30,252 26,860 Total stockholders' equity 35,372 31,980 Total liabilities and stockholders' equity $ 53,532 $49,000 bok nt int ences Sales Cost of goods sold Gross margin Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year $ 81,000 53,000 Last Year $ 76,000 49,000 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.) 27,000 19,400 7,600 28,000 8,700 8,200 12,200 11,200 20,900 7,100 900 900 6,200 6,700 2,480 2,680 3,720 4.020 328 656 3,364 3,392 26,860 23,496 $ 30,252 $ 26,960 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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