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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 800,000 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 $18. All of the companys sales are on account.
Weller Corporation
Comparative Balance Sheet
(dollars in thousands)
This Year Last Year
Assets
Current assets:
Cash $ 1,280 $ 1,560
Accounts receivable, net 12,3009,100
Inventory 9,7008,200
Prepaid expenses 1,8002,100
Total current assets 25,08020,960
Property and equipment:
Land 6,0006,000
Buildings and equipment, net 19,20019,000
Total property and equipment 25,20025,000
Total assets $ 50,280 $ 45,960
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 9,500 $ 8,300
Accrued liabilities 600700
Notes payable, short term 300300
Total current liabilities 10,4009,300
Long-term liabilities:
Bonds payable 5,0005,000
Total liabilities 15,40014,300
Stockholders' equity:
Common stock 800800
Additional paid-in capital 4,2004,200
Total paid-in capital 5,0005,000
Retained earnings 29,88026,660
Total stockholders' equity 34,88031,660
Total liabilities and stockholders' equity $ 50,280 $ 45,960
Weller Corporation
Comparative Income Statement and Reconciliation
(dollars in thousands)
This Year Last Year
Sales $ 79,000 $ 74,000
Cost of goods sold 52,00048,000
Gross margin 27,00026,000
Selling and administrative expenses:
Selling expenses 8,5008,000
Administrative expenses 12,00011,000
Total selling and administrative expenses 20,50019,000
Net operating income 6,5007,000
Interest expense 600600
Net income before taxes 5,9006,400
Income taxes 2,3602,560
Net income 3,5403,840
Dividends to common stockholders 320600
Net income added to retained earnings 3,2203,240
Beginning retained earnings 26,66023,420
Ending retained earnings $ 29,880 $ 26,660
Required:
Compute the following financial data for this year:
1.Earnings per share.
Note: Round your answer to 2 decimal places.
2. Price-earnings ratio.
Note: Round your intermediate calculations and final answer to 2 decimal places.
3. Dividend payout ratio.
Note: Round your intermediate calculations and final answer to 2 decimal places.
3. Dividend yield ratio.
Note: Round your intermediate calculations and final answer to 2 decimal places.
4. Book value per share.
Note: Round your answer to 2 decimal places.

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