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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
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December appear below. The company did not issue any new common stock during the year. A total of shares of common stock were outstanding. The interest rate on the bond payable was the income tax rate was and the dividend per share of common stock was $ last year and $ this year. The market value of the company's common stock at the end of this year was $ All of the company's sales are on account.
Weller Corporation
Comparative Balance Sheet
dollars in thousands
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
Longterm liabilities:
Bonds payable
Total liabilities
Stockholders' equity:
Common stock
Additional paidin capital
Total paidin capital
Retained earnings
Total stockholders' equity
Total liabilities and stockholders' equity
This Year Last Year
table$$
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