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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 new

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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 stock during the year. A total of 600,000 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 $23. All of the company's sales are on account.
\table[[\table[[Weller Corporation],[Comparative Balance Sheet],[(dollars in thousands)]],This YearLast Year],[\table[[Assets],[Current assets:]]],[Cash,,\table[[],[1.330]]],[Accounts receivable, net,9,100,\table[[1,330],[7,400]]],[Inventory,13,100,11,900],[Prepaid expenses,690,570],[Total current assets,24,110,21,200],[Property and equipment:,,],[Land,9,700,9,700],[Buildings and equipment, net,45,162,39,326],[Total property and equipment,54,862,49,026],[Total assets,\table[[
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