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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 910,000 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 $24. All of the company's sales are on account.
\table[[\table[[Weller Corporation],[Comparative Balance Sheet],[(dollars in thousands)]],This Year,Last Year],[Assets],[Current assets:,],[Accounts receivable, net,15,500,\table[[1,120],[10,300]]],[Inventory,10,250,8,640],[Prepaid expenses,1,910,2,320],[Total current assets,29,166,22,980],[Property and equipment:],[Land,7,100,7,100],[Buildings and equipment, net,20,300,20,100],[Total property and equipment,27,400,27,200],[Total assets,$56,566,$50,180
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