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 700,000 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 $22. 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 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' equitys Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity i $ 1,110 9,800 13,700 $1,250 7,100 12,100 750 690 25,360 21,140 9,400 9,400 42,123 37,841 51,523 47,241 $76,883 $68,381 $ 20,200 1,070 200 21,470 $ 17,800 730 200 18,730 8,400 29,870 8,400 27,130 700 200 4,000 4,000 4,700 4.700 42,313 36,551 47.013 41.251 < Prev 4 of 6 Next >