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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 31 appear below. The company did not issue any new common stock during the year. A total of 880,000 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 companys common stock at the end of this year was $22.00. All of the companys sales are on account.
Weller Corporation
Comparative Balance Sheet
(dollars in thousands)
This Year Last Year
Assets
Current assets:
Cash $ 3,508 $ 4,340
Accounts receivable, net 15,20010,150
Inventory 10,1008,520
Prepaid expenses 1,8802,260
Total current assets 30,68825,270
Property and equipment:
Land 6,8006,800
Buildings and equipment, net 20,00019,800
Total property and equipment 26,80026,600
Total assets $ 57,488 $ 51,870
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 10,300 $ 8,700
Accrued liabilities 7601,100
Notes payable, short term 380380
Total current liabilities 11,44010,180
Long-term liabilities:
Bonds payable 8,7508,750
Total liabilities 20,19018,930
Stockholders' equity:
Common stock 880880
Additional paid-in capital 4,6004,600
Total paid-in capital 5,4805,480
Retained earnings 31,81827,460
Total stockholders' equity 37,29832,940
Total liabilities and stockholders' equity $ 57,488 $ 51,870
Weller Corporation
Comparative Income Statement and Reconciliation
(dollars in thousands)
This Year Last Year
Sales $ 87,000 $ 82,000
Cost of goods sold 56,00052,000
Gross margin 31,00030,000
Selling and administrative expenses:
Selling expenses 9,3008,800
Administrative expenses 12,80011,800
Total selling and administrative expenses 22,10020,600
Net operating income 8,9009,400
Interest expense 1,0501,050
Net income before taxes 7,8508,350
Income taxes 3,1403,340
Net income 4,7105,010
Dividends to common stockholders 352704
Net income added to retained earnings 4,3584,306
Beginning retained earnings 27,46023,154
Ending retained earnings $ 31,818 $ 27,460
Required:
Compute the following financial data for this year:
Earnings per share.
Note: Round your answer to 2 decimal places.
Price-earnings ratio.
Note: Round your intermediate calculations and final answer to 2 decimal places.
Dividend payout ratio.
Note: Round your intermediate calculations and final answer to 2 decimal places.
Dividend yield ratio.
Note: Round your intermediate calculations and final answer to 2 decimal places.
Book value per share.
Note: Round your answer to 2 decimal places.

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