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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
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 940,000 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 $25.00. All of the company's sales are on account. Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $5,384 15,880 $ 5,358 18,450 10,400 8,760 1,540 2,180 33,444 26,940 7,480 7,400 20,600 28,400 27,800 Land Buildings and equipment, not Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: 28,000 $ 61,444 $ 54,748 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 Sales Cost of goods sold Gross margin $ 10,900 888 $ 9,000 1,400 448 448 12,220 18,848 10,000 10,000 22,220 28,840 940 948 4,900 4,908 5,848 5,840 33,384 28,868 39,224 33,900 $ 61,444 $ 54,740 Weller Corporation (dollars in thousands) Comparative Income Statement and Reconciliation This Year $93,000 59,000 34,800 Last Year $88,000 55,000 33,000 Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net incone 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.) 9,900 9,400 13,488 12,408 23,300 21,888 18,700 11,200 1,200 1,200 9,500 10,000 3,800 4,000 5,788 6,000 376 752 5,324 28,860 5,248 22,812 $ 33,384 $28,060 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-eamings ratio 3. Dividend payout ratio 4. Dividend yield ratio 5. Book value per share 1.60 %
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