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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

Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear belo

Required: Compute the following financial data for this year: 1. Earnings per share. (Round your answer to 2 decimal places.)

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 company's common stock at the end of this year was $22.00. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: $ 3,508 15,200 10,100 1,880 30,68B $ 4,340 Cash Accounts receivable, net Inventory Prepaid expenses Total current assets 10,150 8,520 2,260 25,270 Property and equipment: Land 6,800 20,000 26,800 $ 57,488 6,800 19,800 26,600 Buildings and equipment, net Total property and equipment $ 51,870 Total asnets Liabilities and Stockholders' Equity Current liabilities: $ 10,300 Accounts payable Accrued liabilities $ 8,700 1,100 380 760 Notes payable, short term 380 Total current liabilities 11,440 10,180 Long-term liabilities : Bonda payable 8,750 20,190 B,750 Total liabilities 18,930 Stockholders' equity: Common stoek Additional paid-in captal Total paid-in capital Retained earnings Total stockholders' equity 880 B80 4,600 5,480 27,460 32,940 $ 51,870 4,600 5,480 31,818 299 , Total liabilities and stockholders' equity $ 57,488 Weller Corporation Comparative Income Statement and Reconciliation {dollars in thousands) This Year Last Year $ 87,000 56,000 31,000 $ 82,000 52,000 30,000 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxea 9,300 12,800 8,800 11,800 22,100 8,900 1,050 20,600 9,400 1,050 7,850 3,140 8,350 3,340 5,010 Income taxes Net income Dividenda to common stockholders Net income added to retained earninga Beginning retained earnings 4,710 352 704 4,358 27,460 4,306 23,154 Ending retained earninga $ 31,818 $ 27,460 Required: Compute the following financial data for this year: 1. Earnings per share. (Round your answer to 2 decimal places.) 2. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 3. Dividend payout ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 4. Dividend yield ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 5. Book value per share. (Round your answer to 2 decimal places.) 1. Earnings per share 2. Price-earnings ratio 3. Dividend payout ratio 4. Dividend yield ratio % 5. Book value per share

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