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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

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 940,000 shares of common stock were outstanding. The interest rate on the bonds, which were sold at their face value, was 12%. The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the company’s common stock at the end of the year was $25. All of the company’s sales are on account.

Weller Corporation
Comparative Balance Sheet
(dollars in thousands)
This YearLast Year
Assets
Current assets:
Cash$5,304$5,350
Accounts receivable, net15,80010,450
Inventory10,4008,760
Prepaid expenses1,9402,380
Total current assets33,44426,940
Property and equipment:
Land7,4007,400
Buildings and equipment, net20,60020,400
Total property and equipment28,00027,800
Total assets$61,444$54,740
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable$10,900$9,000
Accrued liabilities8801,400
Notes payable, short term440440
Total current liabilities12,22010,840
Long-term liabilities:
Bonds payable10,00010,000
Total liabilities22,22020,840
Stockholders' equity:
Common stock940940
Additional paid-in capital4,9004,900
Total paid-in capital5,8405,840
Retained earnings33,38428,060
Total stockholders' equity39,22433,900
Total liabilities and stockholders' equity$61,444$54,740

Weller Corporation
Comparative Income Statement and Reconciliation
(dollars in thousands)
This YearLast Year
Sales$93,000$88,000
Cost of goods sold59,00055,000
Gross margin34,00033,000
Selling and administrative expenses:
Selling expenses9,9009,400
Administrative expenses13,40012,400
Total selling and administrative expenses23,30021,800
Net operating income10,70011,200
Interest expense1,2001,200
Net income before taxes9,50010,000
Income taxes3,8004,000
Net income5,7006,000
Dividends to common stockholders376752
Net income added to retained earnings5,3245,248
Beginning retained earnings28,06022,812
Ending retained earnings$33,384$28,060

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.)

1Earnings per share?
2Price-earnings ratio?
3Dividentd payout ratio?%
4Dividend yield ratio?%
5Book value per share?

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