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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 1,000,000 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 companys common stock at the end of this year was $28.00. All of the companys sales are on account.

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Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,300 16,400 10, 700 2,000 30, 400 $ 1,610 9, 250 9,000 2,500 22, 360 8,000 21,200 29,200 $59,600 8,000 21,000 29,000 $51,360 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 $11,500 1,000 500 13,000 $ 9,300 1,700 500 11,500 5,000 18,000 5,000 16,500 1,000 5,200 6,200 35, 400 41,600 $59,600 1,000 5,200 6, 200 28,660 34,860 $51,360 Last Year $ 94,000 58,000 36,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $99,000 Cost of goods sold 62,000 Gross margin 37,000 Selling and administrative expenses: Selling expenses 10,500 Administrative expenses 14,000 Total selling and administrative expenses 24,500 Net operating income 12,500 Interest expense 600 Net income before taxes 11,900 Income taxes 4,760 Net income 7,140 Dividends to common stockholders 400 Net income added to retained earnings 6,740 Beginning retained earnings 28,660 Ending retained earnings $35, 400 10,000 13,000 23,000 13,000 600 12,400 4,960 7,440 800 6,640 22,020 $28,660 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.) 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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