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Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 3 1 appear below. The company did not issue any common

Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any common stock during the year. A total of 500,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, 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 $24. All of the company's sales are on account.
\table[[\table[[Weller Corporation],[Comparative Balance Sheet],[(dollars in thousands)]],This Year,Last Year],[{
\table[[Assets],[Current assets:]]}],[],[Accounts receivable, net,10,000,\table[[6,600]]],[Inventory,12,600,10,700],[Prepaid expenses,600,540],[Total current assets,24,300,19,200],[{
\table[[Property and equipment:],[Land]]}],[],[Buildings and equipment, net,40,887,39,186],[Total property and equipment,50,187,48,486],[Total assets,$74,487,$67,686
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