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Comparative financial statements for Weller Corporation. a merchandising company, for the year ending December 31 appear below. The company clid not issue any new common
Comparative financial statements for Weller Corporation. a merchandising company, for the year ending December 31 appear below. The company clid not issue any new common stock during the year. A total of 350,000 shares of common stock were outstanding. The interest rate on the bond payable was 125.6. the income tax rate was 4096. and the dividend per share ofcommon stock was $0.75 last year and $0.40 this year. The market value of the company's common stock atthe end of this year was $20.50. All ofthe company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands} This Year Last Year Assets Current assets: Cash $ 1,316 $ 7'16 Accounts receivable, net 12,366 16,666 Inventory 9,956 3,466 Prepaid expenses 1,356 2,266 Total current assets 26,416 21,316 Property and equipment: Land 6,566 6,566 Buildings and equipment, net 19,766 19,566 Total property and equipment 26,266 26,666 Total assets $ 52,616 $ 4T,316 Liabilities and Stockholders' Equity Current liabilities: Accounts payable 5 16,666 $ 8,556 Accrued liabilities 766 956 Notes payable, short term 356 356 Total current liabilities 11,656 9,356 Longterm liabilities: Bonds payable 5,666 5,666 Total liabilities 16,656 14,356 Stockholders' equity: Common stock 856 356 Additional paidin capital 4:459 4:459 Total paidin capital 5,366 5,366 Retained earnings 31,256 2T,1E6 Total stockholders' equity 36,556 32,456 Total liabilities and stockholders' equity $ 523613 $ 47:319 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 84,900 $ 79,000 Cost of goods sold 54,500 50, 500 Gross margin 29,500 28,500 Selling and administrative expenses: Selling expenses 9,900 8,500 Administrative expenses 12, 500 11, 500 Total selling and administrative expenses 21, 500 20,000 Net operating income 3,900 8, 500 Interest expense 600 600 Net income before taxes 7,400 7,900 Income taxes 2,960 3,160 Net income 4, 440 4,740 Dividends to common stockholders 340 680 Net income added to retained earnings 4,100 4, 060 Beginning retained earnings 27,160 23, 100 Ending retained earnings $ 31, 260 $ 27,160 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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