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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 $26. 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:]]],[\table[[Cash],[Che]]],[Accounts receivable, net,\table[[10,280],[10,300]],\table[[1,330],[7,600]]],[Inventory,12,700,10,600],[Prepaid expenses,740,550],[Total current assets,25,020,20,080],[Property and equipment:,11,000,11,000],[Buildings and equipment, net,47,463,39,196],[Total property and equipment,58,463,50,196],[Total assets,$83,483,$70,276
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